Aviva PLC Boosts Stock Position in GE Vernova Inc. $GEV

Aviva PLC boosted its holdings in GE Vernova Inc. (NYSE:GEV) by 7.6% during the 4th quarter, Holdings Channel reports. The firm owned 234,682 shares of the company’s stock after acquiring an additional 16,572 shares during the period. Aviva PLC’s holdings in GE Vernova were worth $153,381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Founders Financial Alliance LLC boosted its position in GE Vernova by 7.6% in the fourth quarter. Founders Financial Alliance LLC now owns 1,279 shares of the company’s stock worth $836,000 after purchasing an additional 90 shares during the last quarter. Banco BTG Pactual S.A. boosted its position in GE Vernova by 1,228.3% in the fourth quarter. Banco BTG Pactual S.A. now owns 7,000 shares of the company’s stock worth $4,575,000 after purchasing an additional 6,473 shares during the last quarter. Great Valley Advisor Group Inc. boosted its position in GE Vernova by 49.1% in the fourth quarter. Great Valley Advisor Group Inc. now owns 8,837 shares of the company’s stock worth $5,775,000 after purchasing an additional 2,911 shares during the last quarter. Kovack Advisors Inc. boosted its position in GE Vernova by 39.7% in the fourth quarter. Kovack Advisors Inc. now owns 5,237 shares of the company’s stock worth $3,423,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Sepio Capital LP purchased a new position in GE Vernova in the fourth quarter worth $284,000.

Insider Activity at GE Vernova

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the transaction, the chief accounting officer directly owned 3,549 shares in the company, valued at $3,758,710.41. This trade represents a 39.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Victor Abate sold 4,819 shares of the firm’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 transaction, the chief executive officer owned 1,835 shares in the company, valued at approximately $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by company insiders.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $904.16 on Friday. 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 firm has a market capitalization of $242.97 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 3.21 and a beta of 1.23. The business’s 50-day moving average price is $1,007.95 and its 200-day moving average price is $830.97. GE Vernova Inc. has a 12 month low of $474.21 and a 12 month high of $1,181.95.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, beating the consensus estimate of $1.95 by $15.49. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The firm had revenue of $9.34 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the prior year, the company earned $0.91 EPS. The company’s revenue was up 17.0% on a year-over-year basis. Sell-side analysts forecast that GE Vernova Inc. will post 14.99 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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

Key Stories Impacting GE Vernova

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

• Positive Sentiment: Erste Group Bank lifted its FY2027 earnings estimate for GE Vernova and kept a Strong-Buy rating, reinforcing optimism around future earnings growth.
• Positive Sentiment: A Benzinga report highlighted GE Vernova as a potential beneficiary of the U.S. Department of Energy’s new fusion-energy timeline, which could improve sentiment toward the company’s exposure to advanced energy infrastructure. Article Title
• Neutral Sentiment: Broader market headlines referenced energy-related moves and geopolitical risk, but these were not specific to GE Vernova’s fundamentals.
• Negative Sentiment: Recent market coverage also noted that GE Vernova had seen a short-term dip versus the broader market, suggesting some volatility may still be present. Article Title

Analysts Set New Price Targets

Several analysts have issued reports on the company. Rothschild & Co Redburn upgraded GE Vernova from a “sell” rating to a “buy” rating and boosted their target price for the company from $560.00 to $1,100.00 in a research note on Monday, March 9th. Jefferies Financial Group decreased their price target on GE Vernova from $1,350.00 to $1,210.00 and set a “buy” rating on the stock in a research report on Thursday. BNP Paribas Exane cut GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price target on the stock. in a report on Monday, April 27th. Guggenheim raised their price target on GE Vernova from $910.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Oppenheimer set a $1,303.00 price target on GE Vernova in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,085.16.

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.