GE Vernova Inc. $GEV Shares Acquired by Clearstead Trust LLC

Clearstead Trust LLC increased its stake in GE Vernova Inc. (NYSE:GEV) by 383.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GEV. Onyx Bridge Wealth Group LLC boosted its stake in GE Vernova by 1.3% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company’s stock valued at $635,000 after acquiring an additional 9 shares during the last quarter. Red Door Wealth Management LLC increased its position in shares of GE Vernova by 0.6% in the 1st quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company’s stock worth $1,548,000 after purchasing an additional 10 shares during the last quarter. Advance Capital Management Inc. increased its position in shares of GE Vernova by 2.2% in the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company’s stock worth $402,000 after purchasing an additional 10 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in GE Vernova by 5.2% in the first quarter. Bell Investment Advisors Inc now owns 221 shares of the company’s stock valued at $193,000 after buying an additional 11 shares during the last quarter. Finally, Sky Investment Group LLC increased its holdings in GE Vernova by 0.5% in the first quarter. Sky Investment Group LLC now owns 2,405 shares of the company’s stock valued at $2,099,000 after buying an additional 12 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup increased their target price on GE Vernova from $779.00 to $1,110.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Wells Fargo & Company boosted their price target on GE Vernova from $831.00 to $896.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Wall Street Zen raised GE Vernova from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Barclays raised their price objective 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. Finally, Morgan Stanley lifted their price objective on shares of GE Vernova from $817.00 to $960.00 and gave the stock an “overweight” rating in a report on Monday, March 23rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,089.88.

GE Vernova News Summary

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.

Insider Buying and Selling at GE Vernova

In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the business’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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Victor Abate sold 4,819 shares of the company’s 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 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 disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by company insiders.

GE Vernova Stock Performance

Shares of GEV stock opened at $1,035.06 on Friday. 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 business has a 50 day moving average of $1,037.19 and a two-hundred day moving average of $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 market cap of $278.14 billion, a P/E ratio of 30.15, a PEG ratio of 3.89 and a beta of 1.09.

GE Vernova (NYSE:GEV) last announced 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. The business had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. As a group, analysts anticipate that GE Vernova Inc. will post 15.06 EPS for the current year.

GE Vernova Announces Dividend

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

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.