State of Wisconsin Investment Board Trims Stake in GE Vernova Inc. $GEV

State of Wisconsin Investment Board reduced its stake in shares of GE Vernova Inc. (NYSE:GEV) by 6.5% in the 4th quarter, Holdings Channel reports. The fund owned 147,142 shares of the company’s stock after selling 10,279 shares during the period. State of Wisconsin Investment Board’s holdings in GE Vernova were worth $96,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Fred Alger Management LLC raised its position in GE Vernova by 1,554.4% during the fourth quarter. Fred Alger Management LLC now owns 429,858 shares of the company’s stock valued at $280,942,000 after acquiring an additional 403,875 shares in the last quarter. Mar Vista Investment Partners LLC acquired a new stake in shares of GE Vernova in the fourth quarter worth approximately $3,340,000. &PARTNERS boosted its stake in shares of GE Vernova by 76.7% in the fourth quarter. &PARTNERS now owns 24,167 shares of the company’s stock worth $17,108,000 after acquiring an additional 10,487 shares during the last quarter. Siemens Fonds Invest GmbH boosted its stake in shares of GE Vernova by 13.5% in the fourth quarter. Siemens Fonds Invest GmbH now owns 9,425 shares of the company’s stock worth $6,217,000 after acquiring an additional 1,121 shares during the last quarter. Finally, Fullerton Fund Management Co Ltd. acquired a new stake in shares of GE Vernova in the fourth quarter worth approximately $243,000.

Insider Transactions at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of the stock in a transaction dated 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 owned 1,835 shares in the company, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the completion of the transaction, the chief accounting officer owned 3,549 shares in the company, valued at approximately $3,758,710.41. The trade was a 39.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GEV. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. BMO Capital Markets increased their price objective on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Sanford C. Bernstein initiated coverage on GE Vernova in a report on Tuesday. They issued an “outperform” rating and a $1,206.00 price objective on the stock. Citigroup boosted their price objective on GE Vernova from $779.00 to $1,110.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Finally, Rothschild & Co Redburn upgraded GE Vernova from a “sell” rating to a “buy” rating and boosted their price objective for the company from $560.00 to $1,100.00 in a report on Monday, March 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,089.88.

GE Vernova Price Performance

Shares of NYSE GEV opened at $982.80 on Wednesday. The stock’s 50-day moving average is $1,012.17 and its two-hundred day moving average is $839.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. GE Vernova Inc. has a 1-year low of $479.04 and a 1-year high of $1,181.95. The company has a market cap of $264.10 billion, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 3.63 and a beta of 1.23.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping the consensus estimate of $1.95 by $15.49. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The company had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the business earned $0.91 EPS. GE Vernova’s revenue was up 17.0% on a year-over-year basis. Analysts forecast that GE Vernova Inc. will post 14.99 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders 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 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is 5.83%.

Key GE Vernova News

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

• Positive Sentiment: Media coverage highlighted GE Vernova’s equipment and technology as a beneficiary of rising AI-driven electricity demand and broader electrification trends. GE Vernova Powers Machines Behind AI & Electrification Demand
• Positive Sentiment: Analysts and market commentary emphasized GE Vernova’s expanding services franchise and $163.3 billion backlog, which provide revenue visibility and support a steadier growth outlook. Can GE Vernova’s Services Business Drive More Stable Growth?
• Positive Sentiment: Interest in GridOS for Transmission reflects investor optimism around GE Vernova’s AI-enabled software and grid stability solutions, which could deepen its role in utility modernization. GE Vernova Inc. (GEV) Unveils GridOS for Transmission to Enhance Grid Stability and Operations
• Neutral Sentiment: One article questioned GE Vernova’s growth and valuation after the GridOS launch, suggesting the market is weighing its software ambitions against a rich stock valuation. GE Vernova GridOS Launch Spurs Questions On Growth And Valuation
• Negative Sentiment: Another report said Rolls-Royce was selected over GE Vernova as a supplier for new small modular reactors in Sweden, a reminder of competitive headwinds in the nuclear energy opportunity. Rolls-Royce tops GE Vernova as supplier for new small modular reactors in Sweden
• Negative Sentiment: Jefferies reportedly trimmed its price target on GE Vernova, which may have pressured sentiment by signaling less upside near term. Jefferies Trims Price Target on GE Vernova (GEV). Here is Why

About GE Vernova

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.