Westfield Capital Management Co. LP Sells 87,802 Shares of GE Vernova Inc. $GEV

Westfield Capital Management Co. LP decreased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 33.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 177,934 shares of the company’s stock after selling 87,802 shares during the quarter. Westfield Capital Management Co. LP’s holdings in GE Vernova were worth $116,292,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of GEV. US Bancorp DE boosted its holdings in GE Vernova by 2.2% in the 3rd quarter. US Bancorp DE now owns 100,542 shares of the company’s stock valued at $61,824,000 after purchasing an additional 2,163 shares during the period. Vanguard Group Inc. boosted its holdings in GE Vernova by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 24,815,463 shares of the company’s stock valued at $15,259,028,000 after purchasing an additional 150,892 shares during the period. Varenne Capital Partners bought a new stake in GE Vernova in the 3rd quarter valued at about $4,872,000. Merit Financial Group LLC boosted its holdings in GE Vernova by 17.4% in the 4th quarter. Merit Financial Group LLC now owns 15,080 shares of the company’s stock valued at $9,856,000 after purchasing an additional 2,230 shares during the period. Finally, Stevens Capital Management LP boosted its holdings in GE Vernova by 56.0% in the 3rd quarter. Stevens Capital Management LP now owns 3,640 shares of the company’s stock valued at $2,238,000 after purchasing an additional 1,307 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Erste Group Bank raised shares of GE Vernova to a “strong-buy” rating in a report on Tuesday, March 24th. JPMorgan Chase & Co. boosted their price objective on shares of GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Rothschild & Co Redburn raised shares of 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. Finally, Barclays boosted their price objective on shares of GE Vernova from $993.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,090.76.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $963.70 on Friday. The company has a 50 day moving average of $1,003.51 and a 200-day moving average of $818.87. GE Vernova Inc. has a 1-year low of $458.65 and a 1-year high of $1,181.95. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The company has a market cap of $258.96 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 3.59 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 analysts’ consensus estimates of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, equities research analysts forecast that GE Vernova Inc. will post 14.84 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is presently 5.83%.

Key Headlines Impacting GE Vernova

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

• Positive Sentiment: GE Vernova won a 100 MW wind turbine contract from Powerica Limited in India, supplying 28 turbines for a Gujarat wind farm. The deal is notable because it marks the first deployment of GE Vernova’s 3.8 MW turbine model in the Indian market, supporting its renewable-energy growth story. GE Vernova to supply 28 wind turbines for Powerica’s Gujarat project
• Positive Sentiment: Recent market commentary continues to frame GEV as a beneficiary of AI-driven power demand, with potential upside from stronger demand for gas turbines, grid equipment, and nuclear-related power infrastructure. Watch 3 AI-Powered Nuclear Energy OEMs Amid Double-Digit Price Upside
• Positive Sentiment: Analysts have also pointed to a global gas turbine supply crunch that could help GE Vernova’s backlog and pricing power as utilities lock in capacity further in advance. Can GE Vernova Benefit From the Global Gas Turbine Supply Crunch?
• Neutral Sentiment: Investors are still balancing strong earnings, improving free cash flow, and new business wins against wind, grid, tariff, and regulatory headwinds. Can GE Vernova (GEV) Power AI Data Center Demand While Managing Wind and Grid Headwinds?
• Negative Sentiment: CEO Victor Abate sold 4,819 shares in a disclosed SEC filing, which can pressure sentiment even though it was a relatively small transaction compared with GE Vernova’s overall market value. SEC Form 4 filing
• Negative Sentiment: Mizuho Securities reportedly maintained a Hold view on GE Vernova, which may be limiting bullish enthusiasm near recent highs. GE Vernova Inc. (GEV) Gets a Hold from Mizuho Securities

Insider Activity at GE Vernova

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $3,758,710.41. This represents a 39.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Victor Abate sold 4,819 shares of the stock in a transaction that occurred on 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by corporate insiders.

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.