GE Vernova Inc. $GEV Shares Bought by Waterway Wealth Management LLC

Waterway Wealth Management LLC grew its stake in shares of GE Vernova Inc. (NYSE:GEV) by 155.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,384 shares of the company’s stock after buying an additional 1,450 shares during the period. GE Vernova accounts for approximately 0.4% of Waterway Wealth Management LLC’s holdings, making the stock its 25th biggest holding. Waterway Wealth Management LLC’s holdings in GE Vernova were worth $2,081,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Topsail Wealth Management LLC raised its position in shares of GE Vernova by 22.8% in the 1st quarter. Topsail Wealth Management LLC now owns 484 shares of the company’s stock worth $422,000 after buying an additional 90 shares during the period. Northeast Investment Management grew its position in GE Vernova by 22.1% during the first quarter. Northeast Investment Management now owns 11,922 shares of the company’s stock valued at $10,407,000 after acquiring an additional 2,154 shares during the period. Penn Davis Mcfarland Inc. purchased a new stake in GE Vernova during the first quarter valued at about $209,000. GHP Investment Advisors Inc. increased its stake in GE Vernova by 5.1% during the first quarter. GHP Investment Advisors Inc. now owns 348 shares of the company’s stock worth $303,000 after acquiring an additional 17 shares during the last quarter. Finally, AA Financial Advisors LLC increased its stake in GE Vernova by 11.3% during the first quarter. AA Financial Advisors LLC now owns 848 shares of the company’s stock worth $740,000 after acquiring an additional 86 shares during the last quarter.

Trending Headlines about GE Vernova

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.

GE Vernova Price Performance

GEV stock opened at $1,082.09 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89. GE Vernova Inc. has a 1 year low of $482.20 and a 1 year high of $1,181.95. The firm has a market cap of $290.78 billion, a P/E ratio of 31.52, a price-to-earnings-growth ratio of 3.92 and a beta of 1.23. The stock has a 50-day simple moving average of $1,029.97 and a 200-day simple moving average of $862.69.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, beating the consensus estimate of $1.95 by $15.49. The business had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The company’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. On average, equities analysts predict that GE Vernova Inc. will post 14.99 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 5.83%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GEV shares. Susquehanna set a $1,300.00 price objective on GE Vernova in a research note on Thursday, April 23rd. Robert W. Baird increased their target price on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Oppenheimer set a $1,303.00 price target on shares of GE Vernova in a report on Thursday, April 23rd. Morgan Stanley lifted their price target on shares of GE Vernova from $817.00 to $960.00 and gave the company an “overweight” rating in a research report on Monday, March 23rd. Finally, 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 for the company in a research note on Thursday, June 11th. Three equities research 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,089.88.

Insider Buying and Selling

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s stock in a transaction on 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction on 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 in the company, valued at $1,739,726.80. This trade represents a 72.42% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company’s stock.

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.