Wealthfront Advisers LLC Acquires 3,178 Shares of GE Vernova Inc. $GEV

Wealthfront Advisers LLC boosted its holdings in GE Vernova Inc. (NYSE:GEV) by 8.7% in the 1st quarter, HoldingsChannel reports. The firm owned 39,606 shares of the company’s stock after purchasing an additional 3,178 shares during the quarter. Wealthfront Advisers LLC’s holdings in GE Vernova were worth $34,572,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. grew its holdings in GE Vernova by 9.8% during the 1st quarter. D.A. Davidson & CO. now owns 14,493 shares of the company’s stock valued at $12,652,000 after buying an additional 1,297 shares in the last quarter. Beaumont Financial Advisors LLC boosted its position in shares of GE Vernova by 6.3% during the first quarter. Beaumont Financial Advisors LLC now owns 776 shares of the company’s stock worth $677,000 after acquiring an additional 46 shares during the last quarter. Twin Capital Management Inc. increased its holdings in GE Vernova by 58.8% in the 1st quarter. Twin Capital Management Inc. now owns 3,718 shares of the company’s stock valued at $3,245,000 after acquiring an additional 1,377 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in GE Vernova by 18.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,551 shares of the company’s stock valued at $13,574,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Journey Advisory Group LLC lifted its stake in GE Vernova by 14.5% in the 1st quarter. Journey Advisory Group LLC now owns 776 shares of the company’s stock worth $677,000 after purchasing an additional 98 shares in the last quarter.

Trending Headlines about GE Vernova

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

• Positive Sentiment: Morgan Stanley reportedly named GE Vernova as a top pick into earnings, citing expectations for strong quarterly results and favorable setup heading into the July 22 report. Buy GE Vernova, Lam Research, United Airlines stocks: Morgan Stanley
• Positive Sentiment: Multiple articles highlighted GE Vernova as a beneficiary of surging AI-driven electricity demand, especially from data centers, which could support order growth and revenue in its grid and power businesses. Buy 3 High-Flying Alternative Energy Stocks to Tap AI Data Center Boom
• Positive Sentiment: Commentary ahead of earnings says GE Vernova’s Power and Electrification segments remain strong, and one report pointed to an order-book edge that may have investors viewing the company as ahead of peers. Here’s Why GE Vernova Is a No-Brainer Buy Before July 22 Earnings
• Neutral Sentiment: Several previews warned that GEV may not have the ideal setup for an earnings beat, suggesting expectations are elevated and the stock could react sharply if results or guidance disappoint. GE Vernova (GEV) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Neutral Sentiment: One article said GE Vernova is still facing persistent pressure in its Wind business, which may offset some of the bullishness from its other segments. Is GEV Stock a Smart Investment Option Before Q2 Earnings Release?
• Negative Sentiment: Fubon Securities issued a Hold rating, a reminder that not all analysts are fully bullish on GE Vernova at current levels. GE Vernova Inc. (GEV) Gets a Hold from Fubon Securities

Insider Transactions at GE Vernova

In related news, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the transaction, the chief accounting officer directly owned 3,549 shares in the company, valued at $3,758,710.41. This trade represents a 39.66% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by corporate insiders.

GE Vernova Trading Down 1.2%

Shares of NYSE GEV opened at $1,053.31 on Thursday. The business’s 50 day moving average price is $1,037.38 and its 200-day moving average price is $905.20. GE Vernova Inc. has a fifty-two week low of $530.16 and a fifty-two week high of $1,195.94. 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 has a market cap of $283.04 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 3.93 and a beta of 1.09.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The firm had revenue of $9.34 billion for 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 business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. On average, sell-side analysts expect that GE Vernova Inc. will post 15.06 earnings per share for the current year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, June 16th. GE Vernova’s payout ratio is presently 5.83%.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price 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. TD Cowen lifted their price objective on GE Vernova from $780.00 to $1,220.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada lifted their price objective on GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Oppenheimer set a $1,303.00 price objective on GE Vernova in a report on Thursday, April 23rd. Finally, Wall Street Zen raised shares of GE Vernova from a “hold” rating to a “buy” rating in a report on Sunday. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,089.88.

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.