Clearstead Trust LLC Boosts Stock Holdings in GE Vernova Inc. $GEV

Clearstead Trust LLC grew its stake in shares of GE Vernova Inc. (NYSE:GEV) by 383.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,021 shares of the company’s stock after buying an additional 810 shares during the period. Clearstead Trust LLC’s holdings in GE Vernova were worth $891,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Manning & Napier Advisors LLC grew its position in GE Vernova by 68.4% during the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after acquiring an additional 13 shares during the period. Torren Management LLC purchased a new position in shares of GE Vernova in the 4th quarter worth about $26,000. Cornerstone Financial Management LLC purchased a new position in shares of GE Vernova in the 4th quarter worth about $25,000. Wealth Watch Advisors INC acquired a new position in shares of GE Vernova in the 3rd quarter valued at about $25,000. Finally, ORG Wealth Partners LLC lifted its stake in shares of GE Vernova by 241.7% in the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock valued at $27,000 after purchasing an additional 29 shares in the last quarter.

GE Vernova Trading Down 1.9%

GEV opened at $1,035.06 on Friday. The firm’s 50 day moving average is $1,037.19 and its 200-day moving average is $907.82. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $278.14 billion, a P/E ratio of 30.15, a P/E/G ratio of 3.89 and a beta of 1.09.

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 business 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 business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Analysts expect that GE Vernova Inc. will post 15.06 EPS for the current fiscal year.

GE Vernova Announces Dividend

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

Insider Transactions at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the sale, the chief executive officer directly owned 1,835 shares of the company’s stock, valued at approximately $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer owned 3,549 shares in the company, valued at approximately $3,758,710.41. This trade represents 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.

Key Headlines Impacting GE Vernova

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

• Positive Sentiment: Morgan Stanley named GE Vernova a top pick heading into earnings, saying it could outperform as second-quarter results get underway thanks to expectations for strong quarterly performance.
• Positive Sentiment: Bernstein initiated coverage with an Outperform rating and a $1,206 price target, arguing GE Vernova is well positioned to benefit from global electrification, grid demand, and the AI power buildout. Why Wall Street Thinks GE Vernova (GEV) Is Built for the Next Energy Cycle
• Positive Sentiment: Multiple articles highlighted strong AI data center-driven power demand, robust Power and Electrification growth, and a large backlog, all of which support the company’s long-term earnings story.
• Neutral Sentiment: GE Vernova is drawing heavy investor attention ahead of its July 22 earnings release, with articles noting that expectations are high and the stock is being actively searched and discussed. Investors Heavily Search GE Vernova Inc. (GEV): Here is What You Need to Know
• Neutral Sentiment: Some analysts remain mixed, with one article noting conflicting sentiment across industrial goods names, suggesting the bullish thesis is not universally shared.
• Negative Sentiment: Articles also pointed to ongoing pressure in GE Vernova’s Wind segment and heavy spending plans, including $11 billion in capex and R&D through 2028, which may weigh on near-term margins and earnings visibility.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GEV. Citigroup increased their target price on shares of GE Vernova from $779.00 to $1,110.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Robert W. Baird lifted their price target on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Erste Group Bank raised shares of GE Vernova to a “strong-buy” rating in a research report on Tuesday, March 24th. TD Cowen raised their target price on shares of GE Vernova from $780.00 to $1,220.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Morgan Stanley upped their price target on shares of GE Vernova from $817.00 to $960.00 and gave the stock an “overweight” rating in a research report on Monday, March 23rd. Three investment 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 data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $1,089.88.

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.