Nuveen LLC Acquires 370,364 Shares of GE Vernova Inc. $GEV

Nuveen LLC raised its holdings in GE Vernova Inc. (NYSE:GEV) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,021,010 shares of the company’s stock after acquiring an additional 370,364 shares during the quarter. Nuveen LLC’s holdings in GE Vernova were worth $1,320,872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GEV. RFG Advisory LLC increased its stake in GE Vernova by 2.1% in the 4th quarter. RFG Advisory LLC now owns 634 shares of the company’s stock valued at $414,000 after buying an additional 13 shares during the last quarter. BlackDiamond Wealth Management LLC increased its stake in GE Vernova by 2.8% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 471 shares of the company’s stock valued at $308,000 after buying an additional 13 shares during the last quarter. Voisard Asset Management Group Inc. increased its stake in GE Vernova by 2.7% in the 4th quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company’s stock valued at $376,000 after buying an additional 15 shares during the last quarter. Clean Yield Group increased its stake in GE Vernova by 2.2% in the 4th quarter. Clean Yield Group now owns 685 shares of the company’s stock valued at $448,000 after buying an additional 15 shares during the last quarter. Finally, Rossmore Private Capital increased its stake in GE Vernova by 2.8% in the 4th quarter. Rossmore Private Capital now owns 559 shares of the company’s stock valued at $365,000 after buying an additional 15 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Argus set a $1,300.00 price target on shares of GE Vernova in a research note on Monday, April 27th. Oppenheimer set a $1,303.00 price objective on shares of GE Vernova in a research report on Thursday, April 23rd. Guggenheim lifted their price objective on shares of GE Vernova from $910.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. lifted 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 research report on Thursday, April 16th. Finally, Robert W. Baird lifted their price objective on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Two 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, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $1,085.16.

GE Vernova Stock Performance

Shares of GEV opened at $904.16 on Friday. The firm has a 50-day moving average of $1,007.95 and a 200-day moving average of $830.97. GE Vernova Inc. has a one year low of $474.21 and a one year high of $1,181.95. The company has a market cap 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 company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, beating 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 last year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, equities analysts forecast that GE Vernova Inc. will post 14.99 earnings per share for the current year.

GE Vernova Dividend Announcement

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

GE Vernova News Summary

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

Insider Activity

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction dated 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Victor Abate sold 4,819 shares of GE Vernova 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 sale, the chief executive officer directly owned 1,835 shares of the company’s stock, valued at $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. Insiders own 0.21% of the company’s stock.

GE Vernova Company 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.