Appleton Partners Inc. MA Sells 1,346 Shares of GE Vernova Inc. $GEV

Key Points

• Appleton Partners Inc. MA trimmed its GE Vernova stake by 3.1% in Q1, selling 1,346 shares and leaving it with 41,914 shares worth about $36.6 million. GE Vernova remains a major holding for the firm, representing 2.6% of its portfolio.
• GE Vernova is drawing attention from AI-related demand, with coverage noting that data center power needs are boosting demand for gas turbines, grid equipment, and electrification products. The stock is also benefiting from its addition to the Russell Top 50 Index and rising orders tied to AI infrastructure.
• The company recently posted strong earnings, beating analyst expectations by a wide margin on both EPS and revenue, while analysts have largely remained bullish with a consensus rating of Moderate Buy. Several firms have also raised price targets, including Guggenheim and BMO Capital Markets.

Appleton Partners Inc. MA decreased its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,914 shares of the company's stock after selling 1,346 shares during the period. GE Vernova accounts for approximately 2.6% of Appleton Partners Inc. MA's portfolio, making the stock its 9th biggest position. Appleton Partners Inc. MA's holdings in GE Vernova were worth $36,587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Auto Owners Insurance Co lifted its holdings in shares of GE Vernova by 110,973.4% during the 4th quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company's stock valued at $2,278,224,000 after buying an additional 34,826,773 shares during the last quarter. Vanguard Group Inc. boosted its holdings in GE Vernova by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 25,023,625 shares of the company's stock worth $16,354,691,000 after purchasing an additional 208,162 shares in the last quarter. State Street Corp increased its position in GE Vernova by 2.1% during the fourth quarter. State Street Corp now owns 11,469,670 shares of the company's stock worth $7,496,232,000 after buying an additional 231,392 shares during the last quarter. Geode Capital Management LLC raised its holdings in GE Vernova by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 6,249,193 shares of the company's stock valued at $4,074,039,000 after buying an additional 68,894 shares in the last quarter. Finally, Morgan Stanley raised its holdings in GE Vernova by 12.8% during the fourth quarter. Morgan Stanley now owns 6,054,474 shares of the company's stock valued at $3,957,024,000 after buying an additional 685,466 shares in the last quarter.

GE Vernova News Roundup

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

• Positive Sentiment: GE Vernova is benefiting from the AI boom not just through gas turbines, but also through higher demand for grid equipment and electrification products used by data centers, reinforcing growth across multiple business lines. GE Vernova's gas turbines aren't the only way it's winning from the AI boom
• Positive Sentiment: The stock is also getting support from its inclusion in the Russell Top 50 Index and from rising orders tied to AI-driven data center power needs, which can improve institutional visibility and sentiment. Why GE Vernova (GEV) Is Up 7.3% After Russell Top 50 Nod And AI Power Orders
• Positive Sentiment: Jim Cramer said GE Vernova is his favorite among the takeover-related names he was discussing and specifically voiced confidence in CEO Scott Strazik, which may be adding to bullish investor attention. Jim Cramer on GE Vernova: “I Believe In Scott Strazik”
• Positive Sentiment: Analysts are flagging GE Vernova as a candidate to beat earnings again, pointing to its strong track record of surprises and favorable setup ahead of its next report. Will GE Vernova (GEV) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Some coverage is simply reminding investors to mark the calendar for July 22, likely a date tied to the company’s next earnings update or an important event, but it does not add new operational news. Dear GE Vernova stock fans, mark your calendars for July 22

GE Vernova Stock Performance

GE Vernova stock opened at $1,113.43 on Monday. The firm has a market capitalization of $299.20 billion, a P/E ratio of 32.43, a P/E/G ratio of 4.11 and a beta of 1.09. The stock has a fifty day moving average price of $1,042.04 and a two-hundred day moving average price of $881.37. GE Vernova Inc. has a 52-week low of $506.02 and a 52-week high of $1,181.95. 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 - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $15.49. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The company had revenue of $9.34 billion during the quarter, compared to analyst estimates of $9.19 billion. During the same period last year, the company posted $0.91 earnings per share. The firm's quarterly revenue was up 17.0% compared to the same quarter last year. As a group, analysts anticipate that GE Vernova Inc. will post 15.05 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently disclosed 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 of this dividend is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's payout ratio is 5.83%.

Analyst Ratings Changes

Several research firms have recently issued reports on GEV. Guggenheim upped their price target on GE Vernova from $910.00 to $1,300.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Weiss Ratings upgraded GE Vernova from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, April 24th. JPMorgan Chase & Co. upped their target price on GE Vernova from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Thursday, April 16th. Zacks Research downgraded GE Vernova from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. Finally, BMO Capital Markets lifted their price target on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,089.88.

Insider Transactions at GE Vernova

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova 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 transaction of $2,470,856.97. Following the transaction, the chief accounting officer owned 3,549 shares of the company's stock, 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 can be accessed through this link. Also, CEO Victor Abate sold 4,819 shares of the firm's stock in a transaction 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 sale, the chief executive officer directly owned 1,835 shares in the company, valued at $1,739,726.80. The trade was a 72.42% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company's stock.

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.

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