GE Vernova Inc. $GEV Shares Sold by Barometer Capital Management Inc.

Barometer Capital Management Inc. reduced its position in shares of GE Vernova Inc. (NYSE:GEV) by 65.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,050 shares of the company’s stock after selling 9,449 shares during the quarter. GE Vernova accounts for approximately 1.8% of Barometer Capital Management Inc.’s investment portfolio, making the stock its 17th biggest holding. Barometer Capital Management Inc.’s holdings in GE Vernova were worth $4,408,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Manning & Napier Advisors LLC increased its position in shares of GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after buying an additional 13 shares in the last quarter. Torren Management LLC purchased a new position in shares of GE Vernova during the 4th quarter valued at approximately $26,000. Cornerstone Financial Management LLC purchased a new position in shares of GE Vernova during the 4th quarter valued at approximately $25,000. Wealth Watch Advisors INC acquired a new stake in GE Vernova in the 3rd quarter valued at $25,000. Finally, ORG Wealth Partners LLC grew its stake in 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 acquiring an additional 29 shares during the period.

Insider Activity at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the sale, the chief executive officer directly owned 1,835 shares in the company, valued at $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the chief accounting officer directly owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. This represents a 39.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.21% of the company’s stock.

GE Vernova Stock Down 0.4%

Shares of GEV opened at $1,075.19 on Wednesday. The stock has a 50 day moving average price of $1,037.70 and a 200 day moving average price of $916.52. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94. 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 stock has a market capitalization of $288.92 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 3.98 and a beta of 1.09.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping the consensus estimate of $1.95 by $15.49. The firm had revenue of $9.34 billion for 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 company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. Equities research analysts forecast that GE Vernova Inc. will post 15.06 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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

Key GE Vernova News

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

• Positive Sentiment: Investors are bullish on GE Vernova’s role in powering AI data centers and the broader electrification buildout, with multiple reports highlighting strong demand for turbines and grid equipment. AI Data Centers Need Power, and These 2 Industrials Are Cashing In
• Positive Sentiment: Several articles say GE Vernova heads into earnings with a robust backlog, including sold-out gas turbine capacity and bookings extending into 2027, which supports near-term revenue visibility. GE Vernova: The Hidden AI Play That Has Few Growth Headwinds
• Positive Sentiment: Wall Street coverage remains constructive, with brokerages assigning an average “Moderate Buy” rating, and commentary suggesting analysts still see upside despite the stock’s strong run. GE Vernova Inc. Receives Average Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Investors are also focused on analyst estimates and key operating metrics for the upcoming quarter, as the company’s valuation has climbed sharply and markets want confirmation that growth is keeping pace.
• Neutral Sentiment: Several pieces debate whether GE Vernova still deserves a premium valuation after a huge run, suggesting the stock may remain volatile around earnings as expectations are now high.
• Negative Sentiment: The biggest near-term risk is earnings disappointment: with shares already up sharply over the past year, any miss on margins, orders, or backlog commentary could pressure the stock if management does not reinforce the growth story.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GEV shares. Wells Fargo & Company boosted their price target on shares of GE Vernova from $831.00 to $896.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Erste Group Bank upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Tuesday, March 24th. Weiss Ratings upgraded shares of GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Zacks Research cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen upgraded shares of GE Vernova from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,089.88.

GE Vernova 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.