GE Vernova Inc. $GEV Stock Holdings Raised by Allen Investment Management LLC

Key Points

• Allen Investment Management LLC increased its GE Vernova stake by 1.0% in the fourth quarter, adding 3,837 shares to bring its total to 399,521 shares. The holding was valued at about $261.1 million and represented roughly 2.9% of the fund’s portfolio.
• GE Vernova reported a strong quarterly earnings beat, posting $17.44 EPS versus the $1.95 consensus estimate on revenue of $9.34 billion, up 17% year over year. Analysts now expect the company to earn 14.84 EPS for the current year.
• The stock remains well supported by Wall Street, with an average rating of “Moderate Buy” and a consensus price target of $1,090.76. Recent analyst target increases and a newly घोषित quarterly dividend of $0.50 per share also point to continued investor interest.

Allen Investment Management LLC raised its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 399,521 shares of the company's stock after purchasing an additional 3,837 shares during the period. GE Vernova accounts for approximately 2.9% of Allen Investment Management LLC's holdings, making the stock its 11th biggest holding. Allen Investment Management LLC owned 0.15% of GE Vernova worth $261,115,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. grew its position in shares of GE Vernova by 344.4% during the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company's stock valued at $25,000 after buying an additional 31 shares during the last quarter. Wealth Watch Advisors INC bought a new stake in shares of GE Vernova during the 3rd quarter valued at about $25,000. Torren Management LLC bought a new stake in shares of GE Vernova during the 4th quarter valued at about $26,000. ORG Wealth Partners LLC boosted its stake in GE Vernova by 241.7% during the 4th 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 GE Vernova during the 4th quarter valued at about $27,000.

GE Vernova Stock Down 1.8%

GEV stock opened at $950.65 on Tuesday. GE Vernova Inc. has a 52-week low of $458.65 and a 52-week high of $1,181.95. The company's 50 day simple moving average is $998.51 and its 200-day simple moving average is $810.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. The firm has a market capitalization of $255.46 billion, a P/E ratio of 27.69, a P/E/G ratio of 3.63 and a beta of 1.24.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The business had revenue of $9.34 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The firm's revenue was up 17.0% compared to the same quarter last year. As a group, equities research analysts anticipate that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, June 16th. GE Vernova's dividend payout ratio is currently 5.83%.

Analyst Ratings Changes

A number of research analysts have issued reports on GEV shares. Morgan Stanley boosted their target price on shares of GE Vernova from $817.00 to $960.00 and gave the company an "overweight" rating in a research note on Monday, March 23rd. Royal Bank Of Canada boosted their target price on shares of GE Vernova from $996.00 to $1,195.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. The Goldman Sachs Group reissued a "buy" rating and set a $1,328.00 target price on shares of GE Vernova in a research note on Friday, April 24th. Guggenheim boosted their target price on shares of GE Vernova from $910.00 to $1,300.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings raised shares of GE Vernova from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,090.76.

Insiders Place Their Bets

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of the company's 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 value of $2,470,856.97. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company's stock.

Trending Headlines about GE Vernova

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

• Positive Sentiment: Wall Street commentary remained constructive, with GE Vernova described as “absolutely terrific” by Jim Cramer, while brokerage sentiment also pointed to an average “Moderate Buy” rating. Jim Cramer Believes “GE Vernova Is Absolutely Terrific”
• Positive Sentiment: The company announced an acquisition of Robotech Automation, a move aimed at expanding robotics and automation capabilities in manufacturing and grid solutions, which could support long-term efficiency and margin improvement. GE Vernova Acquires Robotech Automation to Accelerate Robotics and Automation Capabilities
• Neutral Sentiment: Management also highlighted broader operational themes around data-center build challenges, including tariffs and state-level pushback, which investors may view as a reminder that demand growth could face execution hurdles. GE Vernova CEO sends rattling message on data centers
• Negative Sentiment: A Massachusetts judge refused to lift an order requiring GE Vernova to keep working on the New England offshore wind project and declined to send the dispute with Vineyard Wind to arbitration, keeping legal and project-risk concerns in focus. GE Vernova loses renewed bid to end work on New England wind farm

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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