Capital Group Private Client Services Inc. Reduces Position in GE Vernova Inc. $GEV

Key Points

• Capital Group Private Client Services cut its GE Vernova stake by 22.2% in the fourth quarter, though it still held 58,831 shares valued at about $38.45 million.
• Wall Street remains broadly bullish on GE Vernova, with several firms raising price targets and the consensus rating sitting at Moderate Buy with a target of $1,090.76.
• GE Vernova posted strong quarterly results, including $17.44 EPS and revenue growth of 17% year over year, while also announcing a quarterly dividend of $0.50 per share.

Capital Group Private Client Services Inc. lessened its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 22.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,831 shares of the company's stock after selling 16,824 shares during the quarter. GE Vernova comprises 0.6% of Capital Group Private Client Services Inc.'s investment portfolio, making the stock its 26th biggest holding. Capital Group Private Client Services Inc.'s holdings in GE Vernova were worth $38,450,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. increased its holdings in shares of GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company's stock valued at $25,000 after purchasing an additional 31 shares during the period. Wealth Watch Advisors INC acquired a new position in shares of GE Vernova in the third quarter valued at approximately $25,000. Torren Management LLC acquired a new position in shares of GE Vernova in the fourth quarter valued at approximately $26,000. ORG Wealth Partners LLC increased its holdings in shares of GE Vernova by 241.7% in the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company's stock valued at $27,000 after purchasing an additional 29 shares during the period. Finally, Navalign LLC acquired a new position in shares of GE Vernova in the fourth quarter valued at approximately $27,000.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova won new wind business in India, including a 100 MW order from Powerica to supply 28 onshore turbines for a Gujarat project. The deal supports the company’s renewable backlog and expands deployment of its 3.8 MW turbine platform in a key growth market.
• Positive Sentiment: Recent commentary continues to highlight GE Vernova as a beneficiary of rising AI-driven power demand, with stronger prospects in gas turbines, grid equipment, and broader electrification spending.
• Positive Sentiment: Analyst sentiment remains constructive overall, with several firms maintaining Buy ratings and high price targets, reflecting confidence in GE Vernova’s growth and pricing power.
• Neutral Sentiment: The company is also preparing to launch its 3.8 MW “workhorse” turbine in India, signaling continued product expansion, though the near-term stock impact is likely limited unless it translates into more orders.
• Neutral Sentiment: Investor interest remains elevated after GE Vernova’s strong earnings, but the stock’s premium valuation means expectations are already high and can amplify moves on any new headlines.
• Negative Sentiment: GE Vernova is facing fraud allegations from Iberdrola related to the Vineyard Wind offshore project, and a Boston judge declined to reconsider an order keeping the company on the project. That legal dispute adds uncertainty around execution, liability, and valuation.
• Negative Sentiment: CEO Victor Abate recently sold shares in a disclosed SEC filing, which may add to cautious sentiment even though the sale appears small relative to the company’s size.

Analysts Set New Price Targets

GEV has been the topic of a number of recent research reports. TD Cowen boosted their target price on GE Vernova from $780.00 to $1,220.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Guggenheim boosted their target price on GE Vernova from $910.00 to $1,300.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. The Goldman Sachs Group reissued a "buy" rating and issued a $1,328.00 target price on shares of GE Vernova in a report on Friday, April 24th. Robert W. Baird boosted their target price on GE Vernova from $1,008.00 to $1,400.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada boosted their target price on 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 assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,090.76.

Insider Buying and Selling at GE Vernova

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction 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 completion of the transaction, the chief accounting officer directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Victor Abate sold 4,819 shares of GE Vernova 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 transaction, the chief executive officer directly owned 1,835 shares of the company's stock, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.21% of the company's stock.

GE Vernova Stock Down 2.9%

GE Vernova stock opened at $935.26 on Friday. 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. The company has a market cap of $251.32 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 3.46 and a beta of 1.23. The stock's 50 day moving average price is $1,003.76 and its 200 day moving average price is $819.69.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly 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 firm had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The company's revenue for the quarter was up 17.0% compared to the same quarter last year. On average, sell-side analysts predict that GE Vernova Inc. will post 14.99 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed 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 yield of 0.2%. GE Vernova's payout ratio is currently 5.83%.

About GE Vernova

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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