GE Vernova (NYSE:GEV) CEO Victor Abate Sells 4,819 Shares

GE Vernova Inc. (NYSE:GEV) CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction on Monday, June 1st. The stock was sold at an average price of $948.08, for a total value of $4,568,797.52. Following the transaction, the chief executive officer directly owned 1,835 shares of the company’s stock, valued at $1,739,726.80. This trade represents a 72.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

GE Vernova Trading Down 1.1%

NYSE:GEV opened at $959.30 on Thursday. The stock has a fifty day simple moving average of $1,002.41 and a 200-day simple moving average of $816.16. GE Vernova Inc. has a 52-week low of $458.65 and a 52-week high of $1,181.95. The company has a market capitalization of $257.78 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 3.63 and a beta of 1.23. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating the consensus estimate of $1.95 by $15.49. The firm had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. On average, equities research analysts expect that GE Vernova Inc. will post 14.84 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s payout ratio is presently 5.83%.

GE Vernova News Roundup

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: GE Vernova is being highlighted as a beneficiary of the AI data-center buildout, with several recent articles pointing to stronger power demand, backlog growth, and more orders for gas turbines and grid-related equipment. Watch 3 AI-Powered Nuclear Energy OEMs Amid Double-Digit Price Upside
• Positive Sentiment: Analysts and market commentary continue to frame GEV as a long-term winner from global power demand, including a supply crunch in gas turbines that could support pricing and backlog. Can GE Vernova Benefit From the Global Gas Turbine Supply Crunch?
• Neutral Sentiment: Investors are paying close attention to GE Vernova after recent strong earnings, improving free cash flow, and a new acquisition tied to automation, but the company still faces wind, grid, tariff, and regulatory headwinds. Can GE Vernova (GEV) Power AI Data Center Demand While Managing Wind and Grid Headwinds?
• Neutral Sentiment: The stock is also getting extra attention from traders and investors on Zacks due to its recent momentum and visibility, which can increase volatility without changing the fundamental outlook by itself. GE Vernova Inc. (GEV) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: CEO Victor Abate sold 4,819 shares in a disclosed SEC filing, a transaction that can raise caution among investors even though it represents a small part of the company overall. SEC Form 4 filing
• Negative Sentiment: Mizuho Securities reportedly initiated or reiterated coverage with a Hold rating, which may be limiting enthusiasm and contributing to the stock’s softness. GE Vernova Inc. (GEV) Gets a Hold from Mizuho Securities

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings raised GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Susquehanna set a $1,300.00 target price on GE Vernova in a research report on Thursday, April 23rd. Erste Group Bank raised GE Vernova to a “strong-buy” rating in a research report on Tuesday, March 24th. BMO Capital Markets increased their price target on GE Vernova from $1,110.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Finally, Rothschild & Co Redburn raised GE Vernova from a “sell” rating to a “buy” rating and raised their target price for the company from $560.00 to $1,100.00 in a research note on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,090.76.

Institutional Investors Weigh In On GE Vernova

A number of hedge funds and other institutional investors have recently made changes to their positions in GEV. Jackson Grant Investment Advisers Inc. increased its holdings in shares of GE Vernova by 344.4% during the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares during the last quarter. Cornerstone Financial Management LLC acquired a new stake in shares of GE Vernova during the 4th quarter worth approximately $25,000. Wealth Watch Advisors INC acquired a new stake in shares of GE Vernova during the 3rd quarter worth approximately $25,000. Torren Management LLC acquired a new stake in shares of GE Vernova during the 4th quarter worth approximately $26,000. Finally, Manning & Napier Advisors LLC boosted its stake in GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after buying an additional 13 shares in the last quarter.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.