Xcel Wealth Management LLC Reduces Stock Holdings in GE Vernova Inc. $GEV

Xcel Wealth Management LLC reduced its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 10.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,291 shares of the company’s stock after selling 483 shares during the period. GE Vernova makes up 1.0% of Xcel Wealth Management LLC’s holdings, making the stock its 23rd largest position. Xcel Wealth Management LLC’s holdings in GE Vernova were worth $3,746,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wealth Watch Advisors INC acquired a new position in GE Vernova during the 3rd quarter valued at approximately $25,000. Cornerstone Financial Management LLC purchased a new position in GE Vernova in the 4th quarter worth $25,000. Torren Management LLC acquired a new stake in GE Vernova during the 4th quarter worth about $26,000. ORG Wealth Partners LLC lifted its position in GE Vernova by 241.7% during the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after acquiring an additional 29 shares during the period. Finally, Navalign LLC purchased a new stake in GE Vernova during the 4th quarter valued at about $27,000.

GE Vernova News Roundup

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

• Positive Sentiment: New commentary points to GE Vernova as a direct beneficiary of soaring AI-related electricity demand, with its gas turbines and electrification equipment seen as essential to powering new data centers.
• Positive Sentiment: Analysts and media reports say the company has significant pricing power because turbine demand is outstripping supply, which could support higher margins and stronger earnings growth.
• Positive Sentiment: Recent articles also highlighted GE Vernova’s GridOS for Transmission launch and AI-focused grid software initiatives, reinforcing its exposure to grid modernization and utility spending.
• Neutral Sentiment: Several write-ups focus on valuation after the stock’s big run, suggesting investors are debating how much upside remains rather than pointing to a new fundamental catalyst.
• Neutral Sentiment: Peer comparisons, including coverage versus Public Service Enterprise Group, frame GE Vernova as one of the main grid modernization plays, but do not materially change the near-term story.

Insider Transactions at GE Vernova

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the sale, the chief accounting officer directly owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. This trade represents a 39.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Victor Abate sold 4,819 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the sale, the chief executive officer directly owned 1,835 shares in the company, valued at approximately $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of research reports. Rothschild & Co Redburn raised GE Vernova from a “sell” rating to a “buy” rating and increased their price objective for the company from $560.00 to $1,100.00 in a report on Monday, March 9th. Oppenheimer set a $1,303.00 price target on GE Vernova in a research report on Thursday, April 23rd. Sanford C. Bernstein started coverage on GE Vernova in a research note on Tuesday, June 16th. They set an “outperform” rating and a $1,206.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, Barclays raised their target price on GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Three investment 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’s stock. According to data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $1,089.88.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $1,082.09 on Friday. The company has a market capitalization of $290.78 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 3.92 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89. The company’s fifty day moving average price is $1,029.97 and its 200 day moving average price is $862.69. GE Vernova Inc. has a 1 year low of $482.20 and a 1 year high of $1,181.95.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $15.49. The company had revenue of $9.34 billion during the quarter, compared to analysts’ expectations 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 earned $0.91 earnings per share. On average, research analysts predict that GE Vernova Inc. will post 14.99 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 16th. GE Vernova’s payout ratio is currently 5.83%.

GE Vernova 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.