GE Vernova Inc. $GEV Shares Sold by Capital Group Investment Management PTE. LTD.

Key Points

• Capital Group Investment Management reduced its GE Vernova stake by 30.1% in the fourth quarter, selling 1,174 shares and leaving it with 2,721 shares worth about $1.78 million.
• GE Vernova reported much stronger-than-expected quarterly results, with EPS of $17.44 versus $1.95 expected and revenue of $9.34 billion, up 17% year over year. Analysts currently expect the company to earn 14.99 EPS for the full year.
• The company also announced a quarterly dividend of $0.50 per share, payable July 14, while Wall Street sentiment remains positive with a consensus rating of Moderate Buy and an average target price of $1,090.76.

Capital Group Investment Management PTE. LTD. cut its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 30.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,721 shares of the company's stock after selling 1,174 shares during the quarter. Capital Group Investment Management PTE. LTD.'s holdings in GE Vernova were worth $1,778,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 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 valued at $16,354,691,000 after purchasing an additional 208,162 shares in the last quarter. State Street Corp boosted its holdings in GE Vernova by 1.3% in the third quarter. State Street Corp now owns 11,238,278 shares of the company's stock valued at $6,910,417,000 after purchasing an additional 140,500 shares in the last quarter. Geode Capital Management LLC boosted its holdings in GE Vernova by 1.1% in 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 purchasing an additional 68,894 shares in the last quarter. Norges Bank acquired a new position in GE Vernova in the fourth quarter valued at approximately $2,283,114,000. Finally, Northern Trust Corp boosted its holdings in GE Vernova by 1.8% in the third quarter. Northern Trust Corp now owns 2,877,458 shares of the company's stock valued at $1,769,349,000 after purchasing an additional 51,738 shares in the last quarter.

GE Vernova Price Performance

GEV stock opened at $935.26 on Friday. The company has a market capitalization of $251.32 billion, a P/E ratio of 27.24, a PEG ratio of 3.46 and a beta of 1.23. GE Vernova Inc. has a twelve month low of $458.65 and a twelve month high of $1,181.95. The business has a 50 day simple moving average of $1,003.76 and a 200-day simple moving average of $819.69. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating the consensus estimate of $1.95 by $15.49. The business had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The company's revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 earnings per share. As a group, equities analysts anticipate that GE Vernova Inc. will post 14.99 EPS for the current year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend 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%.

Key Stories Impacting 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.

Insider Activity at GE Vernova

In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the company's stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Victor Abate sold 4,819 shares of the 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 of the company's stock, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GEV has been the subject of a number of research analyst reports. Weiss Ratings raised GE Vernova from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, April 24th. Susquehanna set a $1,300.00 price target on GE Vernova in a report on Thursday, April 23rd. Oppenheimer set a $1,303.00 price target on GE Vernova in a report on Thursday, April 23rd. TD Cowen upped their price target on GE Vernova from $780.00 to $1,220.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada upped their price target 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $1,090.76.

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.

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