Fisher Asset Management LLC Purchases 2,254 Shares of GE Vernova Inc. $GEV

Key Points

• Fisher Asset Management increased its stake in GE Vernova by 48.3% in the fourth quarter, adding 2,254 shares to bring its total holdings to 6,916 shares worth about $4.52 million.
• GE Vernova continues to attract broad institutional and analyst support, with several funds boosting positions and Wall Street maintaining a Moderate Buy consensus and a price target around $1,090.76.
• The company posted a strong quarterly report, including $17.44 EPS versus a $1.95 estimate and revenue of $9.34 billion, while also announcing a $0.50 quarterly dividend payable July 14.

Fisher Asset Management LLC lifted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 48.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,916 shares of the company's stock after acquiring an additional 2,254 shares during the quarter. Fisher Asset Management LLC's holdings in GE Vernova were worth $4,520,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Choate Investment Advisors grew its stake in shares of GE Vernova by 5.3% in the 4th quarter. Choate Investment Advisors now owns 5,243 shares of the company's stock worth $3,427,000 after acquiring an additional 266 shares in the last quarter. CYBER HORNET ETFs LLC grew its stake in shares of GE Vernova by 6.6% in the 4th quarter. CYBER HORNET ETFs LLC now owns 794 shares of the company's stock worth $519,000 after acquiring an additional 49 shares in the last quarter. Clearstead Advisors LLC grew its stake in shares of GE Vernova by 4.1% in the 4th quarter. Clearstead Advisors LLC now owns 9,986 shares of the company's stock worth $6,527,000 after acquiring an additional 393 shares in the last quarter. Legal & General Group Plc grew its stake in shares of GE Vernova by 5.4% in the 4th quarter. Legal & General Group Plc now owns 1,741,353 shares of the company's stock worth $1,138,096,000 after acquiring an additional 88,642 shares in the last quarter. Finally, Main Street Research LLC grew its stake in shares of GE Vernova by 1.1% in the 4th quarter. Main Street Research LLC now owns 49,161 shares of the company's stock worth $32,130,000 after acquiring an additional 520 shares in the last quarter.

Wall Street Analyst Weigh In

GEV has been the subject of several research reports. Guggenheim increased their price target 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. BNP Paribas Exane lowered shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $1,190.00 price target for the company. in a research report on Monday, April 27th. UBS Group restated a "buy" rating on shares of GE Vernova in a research report on Thursday, January 29th. The Goldman Sachs Group restated a "buy" rating and set a $1,328.00 price target on shares of GE Vernova in a research report on Friday, April 24th. Finally, Evercore increased their price target on shares of GE Vernova from $860.00 to $905.00 and gave the company an "outperform" rating in a research report on Thursday, January 29th. Two equities research 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 stock. Based on data from MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,090.76.

Insider Buying and Selling

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of the company's 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 sale, the chief accounting officer directly owned 3,549 shares of the company's stock, valued at $3,758,710.41. This represents a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by company insiders.

GE Vernova Price Performance

GEV opened at $996.00 on Friday. The firm has a market cap of $267.65 billion, a P/E ratio of 29.01, a PEG ratio of 3.86 and a beta of 1.51. GE Vernova Inc. has a fifty-two week low of $458.65 and a fifty-two week high of $1,181.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89. The firm has a 50-day moving average of $994.75 and a 200 day moving average of $805.17.

GE Vernova (NYSE:GEV - Get Free Report) last released 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. The business had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company's revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. On average, research analysts expect that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders 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 dividend payout ratio is 5.83%.

Key GE Vernova News

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

• Positive Sentiment: UBS identified GE Vernova as one of its highest-conviction industrial picks, signaling strong analyst confidence in the company’s outlook and supporting investor sentiment. GE Vernova, Boeing lead UBS’s highest-conviction industrial calls
• Positive Sentiment: Another market report said analysts view GE Vernova (GEV) as one of the best industrial buy ideas, which can help sustain demand for the shares even after recent volatility. Analysts Name Best Picks In Industrials. One Is Topping A Buy Point Today.
• Positive Sentiment: Coverage focused on GE Vernova’s strong cash generation and analyst optimism, suggesting the market continues to view the company as a quality industrial with solid fundamentals. Is GE Vernova (GEV) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: An article highlighted GE Vernova’s presentation at Bernstein’s strategic decisions conference, but it did not include a major new catalyst for the stock. GE Vernova Inc. (GEV) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Negative Sentiment: Some commentary raised concerns that GE Vernova’s AI/data-center upside may be more limited than bulls expect, pointing to physical constraints and project delays that could temper enthusiasm. GE Vernova: Physical Limitations Put A Harsh Ceiling On The AI Upside
• Negative Sentiment: Another piece questioned whether a turbine milestone will translate into stronger cash flow and dividend potential, which may weigh on valuation if investors focus on capital returns. GE Vernova Turbine Milestone Raises Questions On Cash Flows And Dividends

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.