GE Vernova Inc. $GEV Holdings Lowered by Stonebrook Private Inc.

Key Points

• Stonebrook Private Inc. cut its GE Vernova stake by 61.9% in the fourth quarter, selling 1,183 shares and leaving it with 729 shares valued at about $477,000.
• Wall Street sentiment remains broadly positive, with several analysts reiterating or raising targets and the stock carrying a Moderate Buy consensus and average price target of $1,090.76.
• GE Vernova continues to show strong operating momentum, including a major earnings beat in its latest quarter, while new product wins and orders in wind and electrification support its growth outlook.

Stonebrook Private Inc. trimmed its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 61.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 729 shares of the company's stock after selling 1,183 shares during the period. Stonebrook Private Inc.'s holdings in GE Vernova were worth $477,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. RFG Advisory LLC lifted its holdings in shares of GE Vernova by 2.1% during the fourth quarter. RFG Advisory LLC now owns 634 shares of the company's stock valued at $414,000 after purchasing an additional 13 shares during the last quarter. BlackDiamond Wealth Management LLC lifted its holdings in shares of GE Vernova by 2.8% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 471 shares of the company's stock valued at $308,000 after purchasing an additional 13 shares during the last quarter. Voisard Asset Management Group Inc. lifted its holdings in shares of GE Vernova by 2.7% during the fourth quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company's stock valued at $376,000 after purchasing an additional 15 shares during the last quarter. Clean Yield Group lifted its holdings in shares of GE Vernova by 2.2% during the fourth quarter. Clean Yield Group now owns 685 shares of the company's stock valued at $448,000 after purchasing an additional 15 shares during the last quarter. Finally, Rossmore Private Capital lifted its holdings in shares of GE Vernova by 2.8% during the fourth quarter. Rossmore Private Capital now owns 559 shares of the company's stock valued at $365,000 after purchasing an additional 15 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GEV. The Goldman Sachs Group reissued a "buy" rating and issued a $1,328.00 price objective on shares of GE Vernova in a research note on Friday, April 24th. BMO Capital Markets increased their price objective on GE Vernova from $1,110.00 to $1,250.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. Robert W. Baird increased their price objective on GE Vernova from $1,008.00 to $1,400.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. Argus set a $1,300.00 price objective on GE Vernova in a research note on Monday, April 27th. Finally, Weiss Ratings raised GE Vernova from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, April 24th. Two 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,090.76.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: GE Vernova’s Electrification business is showing strong momentum, with rising orders, revenue, and margins as grid expansion, AI data centers, and higher power demand boost demand for equipment and services. Is Electrification Becoming GE Vernova's Most Valuable Business?
• Positive Sentiment: The company announced a new 3.8 MW onshore wind turbine and landed a 100 MW order from Powerica Limited, reinforcing its growth story in India’s renewable energy market. GE Vernova (GEV) Deepens its Commitment to India With a New Launch
• Positive Sentiment: Recent commentary continues to point to a strong long-term thesis for GEV, citing its leadership in power infrastructure and electrification tied to global energy transition trends. Is GE Vernova Inc. (GEV) A Good Stock To Buy Now?
• Neutral Sentiment: One article argues the stock is being re-evaluated after a 95% one-year surge and a recent pullback, suggesting the market is weighing valuation against strong fundamentals. Is It Time To Reassess GE Vernova (GEV) After Its 95% One Year Share Price Surge
• Neutral Sentiment: The latest market update simply notes that GEV has been trading lower than the broader market, without pointing to a new operational problem. GE Vernova (GEV) Sees a More Significant Dip Than Broader Market: Some Facts to Know
• Negative Sentiment: Despite strong fundamentals, the stock has recently cooled after a sharp run-up, and the market appears to be locking in gains while waiting for earnings growth to catch up with the valuation. GE Vernova (GEV) Stock Falls 11% Despite Record Earnings — Time to Buy the Dip?

Insider Activity

In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer owned 3,549 shares in the company, valued at approximately $3,758,710.41. This represents a 39.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Victor Abate sold 4,819 shares of the company's stock in a transaction dated 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 owned 1,835 shares of the company's stock, valued at approximately $1,739,726.80. This trade represents 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 Stock Performance

Shares of GEV stock opened at $919.59 on Wednesday. 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 fifty-two week low of $458.65 and a fifty-two week high of $1,181.95. The stock's 50-day moving average is $1,006.31 and its two-hundred day moving average is $826.35. The firm has a market cap of $247.11 billion, a P/E ratio of 26.79, a PEG ratio of 3.46 and a beta of 1.23.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the prior year, the firm posted $0.91 EPS. The business's revenue was up 17.0% compared to the same quarter last year. Analysts predict that GE Vernova Inc. will post 14.99 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 16th. GE Vernova's dividend payout ratio is presently 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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