Illinois Municipal Retirement Fund Buys 2,425 Shares of GE Vernova Inc. $GEV

Illinois Municipal Retirement Fund grew its stake in shares of GE Vernova Inc. (NYSE:GEV) by 18.5% during the first quarter, Holdings Channel reports. The institutional investor owned 15,551 shares of the company’s stock after buying an additional 2,425 shares during the period. Illinois Municipal Retirement Fund’s holdings in GE Vernova were worth $13,574,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Auto Owners Insurance Co raised its stake in GE Vernova by 110,973.4% during the 4th quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock worth $2,278,224,000 after acquiring an additional 34,826,773 shares during the period. Norges Bank purchased a new position in GE Vernova during the fourth quarter valued at approximately $2,283,114,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of GE Vernova by 5,171.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company’s stock worth $1,603,114,000 after purchasing an additional 2,406,326 shares during the period. Corient Private Wealth LLC boosted its position in shares of GE Vernova by 2,802.8% in the fourth quarter. Corient Private Wealth LLC now owns 1,608,714 shares of the company’s stock worth $1,051,407,000 after purchasing an additional 1,553,295 shares during the period. Finally, Morgan Stanley increased its stake in shares of GE Vernova by 12.8% in the fourth quarter. Morgan Stanley now owns 6,054,474 shares of the company’s stock worth $3,957,024,000 after purchasing an additional 685,466 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on GEV shares. Jefferies Financial Group decreased their price objective on shares of GE Vernova from $1,350.00 to $1,210.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. TD Cowen upped their target price on shares of GE Vernova from $780.00 to $1,220.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Barclays increased their price target on GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada boosted their price objective on GE Vernova from $996.00 to $1,195.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings raised GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $1,089.88.

Key Stories 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.

GE Vernova Price Performance

GEV stock opened at $1,035.06 on Friday. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94. The company’s fifty day moving average price is $1,037.19 and its 200-day moving average price is $907.82. 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 capitalization of $278.14 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 3.89 and a beta of 1.09.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The firm had revenue of $9.34 billion during the quarter, compared to analyst estimates of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. GE Vernova’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, equities analysts anticipate that GE Vernova Inc. will post 15.06 EPS for the current fiscal year.

GE Vernova Announces Dividend

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

Insider Activity

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the completion of the transaction, the chief executive officer owned 1,835 shares of the company’s stock, valued at $1,739,726.80. This represents a 72.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $2,470,856.97. Following the transaction, the chief accounting officer owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. The trade was a 39.66% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by corporate insiders.

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.