Rice Partnership LLC Reduces Position in GE Vernova Inc. $GEV

Rice Partnership LLC cut its position in GE Vernova Inc. (NYSE:GEV) by 24.0% during the fourth quarter, HoldingsChannel reports. The firm owned 11,776 shares of the company’s stock after selling 3,715 shares during the quarter. GE Vernova accounts for 1.0% of Rice Partnership LLC’s holdings, making the stock its 23rd biggest position. Rice Partnership LLC’s holdings in GE Vernova were worth $7,696,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GEV. Brighton Jones LLC increased its position in shares of GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after purchasing an additional 753 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of GE Vernova by 1.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock valued at $828,000 after buying an additional 26 shares in the last quarter. Jump Financial LLC acquired a new position in shares of GE Vernova in the 2nd quarter valued at $258,000. Ossiam acquired a new position in shares of GE Vernova in the 2nd quarter valued at $42,000. Finally, Nebula Research & Development LLC boosted its holdings in shares of GE Vernova by 23.9% in the 2nd quarter. Nebula Research & Development LLC now owns 1,674 shares of the company’s stock valued at $886,000 after buying an additional 323 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Rothschild & Co Redburn upgraded shares of GE Vernova from a “sell” rating to a “buy” rating and upped their target price for the company from $560.00 to $1,100.00 in a report on Monday, March 9th. Zacks Research cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. TD Cowen upped their target price on shares of GE Vernova from $780.00 to $1,220.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. BMO Capital Markets upped their target price on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada upped their target price on shares of GE Vernova from $996.00 to $1,195.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Two 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,090.76.

More GE Vernova News

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

• Positive Sentiment: GE Vernova is being highlighted as one of the non-tech winners from the AI data center boom, with investors focusing on rising demand for power generation and grid infrastructure that could support long-term growth. Article Title
• Positive Sentiment: Jim Cramer called GE Vernova “absolutely terrific,” reinforcing a favorable investor narrative around the stock even after its recent pullback from highs. Article Title
• Positive Sentiment: Brokerage sentiment remains constructive, with GE Vernova receiving an average recommendation of “Moderate Buy,” supporting confidence in the company’s business outlook. Article Title
• Neutral Sentiment: Recent commentary says GE Vernova’s valuation is being reassessed after a powerful run, with the stock still up strongly over the past year despite a more recent cooling-off period. Article Title
• Negative Sentiment: A Massachusetts judge upheld an injunction requiring GE Vernova to keep working on the Vineyard Wind project, leaving the company tied to a disputed offshore wind contract and limiting its ability to exit the project early. Article Title

GE Vernova Stock Up 2.0%

Shares of NYSE:GEV opened at $969.94 on Wednesday. The stock has a market cap of $260.64 billion, a P/E ratio of 28.25, a P/E/G ratio of 3.56 and a beta of 1.23. The firm has a fifty day moving average price of $998.51 and a 200 day moving average price of $810.55. 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 Inc. has a 1-year low of $458.65 and a 1-year high of $1,181.95.

GE Vernova (NYSE:GEV) last issued 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 firm had revenue of $9.34 billion during the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. GE Vernova’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. Sell-side analysts predict that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors 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 yield of 0.2%. GE Vernova’s dividend payout ratio is currently 5.83%.

Insiders Place Their Bets

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of the 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 owned 3,549 shares in the company, valued at $3,758,710.41. This represents a 39.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

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.