Geneos Wealth Management Inc. Raises Holdings in GE Vernova Inc. $GEV

Key Points

• Geneos Wealth Management boosted its GE Vernova stake by 68.2% in the first quarter, adding 1,874 shares to reach 4,623 shares worth about $4.0 million.
• Wall Street remains broadly bullish on GE Vernova, with multiple analysts lifting price targets and the stock carrying a consensus Moderate Buy rating and average target price of $1,089.88.
• Recent news highlights strong demand tied to AI data centers and electrification, but investors are also watching wind segment pressure and heavy spending plans that could weigh on near-term margins.

Geneos Wealth Management Inc. grew its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 68.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,623 shares of the company's stock after acquiring an additional 1,874 shares during the quarter. Geneos Wealth Management Inc.'s holdings in GE Vernova were worth $4,035,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GEV. Auto Owners Insurance Co raised its stake in GE Vernova by 110,973.4% in the 4th quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company's stock worth $2,278,224,000 after acquiring an additional 34,826,773 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 during the period. State Street Corp raised its stake in shares of GE Vernova by 2.1% in the fourth quarter. State Street Corp now owns 11,469,670 shares of the company's stock worth $7,496,232,000 after purchasing an additional 231,392 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of GE Vernova by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 6,249,193 shares of the company's stock worth $4,074,039,000 after purchasing an additional 68,894 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of GE Vernova by 12.8% during the fourth quarter. Morgan Stanley now owns 6,054,474 shares of the company's stock worth $3,957,024,000 after purchasing an additional 685,466 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. The Goldman Sachs Group reiterated a "buy" rating and issued a $1,328.00 target price on shares of GE Vernova in a research report on Friday, April 24th. Morgan Stanley lifted their price objective 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. Robert W. Baird upped their price objective on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. Guggenheim increased their price objective on shares of GE Vernova from $910.00 to $1,300.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company raised their target price on shares of GE Vernova from $831.00 to $896.00 and gave the stock an "overweight" rating in a report on Tuesday, March 31st. Three equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,089.88.

Insider Buying and Selling at GE Vernova

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction on 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 owned 3,549 shares of the company's stock, valued at $3,758,710.41. The trade was a 39.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Victor Abate sold 4,819 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the sale, the chief executive officer directly owned 1,835 shares of the company's stock, valued at $1,739,726.80. The trade was a 72.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by corporate insiders.

Key GE Vernova News

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

• Positive Sentiment: Morgan Stanley named GE Vernova a top pick heading into earnings, saying it could outperform as second-quarter results get underway thanks to expectations for strong quarterly performance.
• Positive Sentiment: Bernstein initiated coverage with an Outperform rating and a $1,206 price target, arguing GE Vernova is well positioned to benefit from global electrification, grid demand, and the AI power buildout. Why Wall Street Thinks GE Vernova (GEV) Is Built for the Next Energy Cycle
• Positive Sentiment: Multiple articles highlighted strong AI data center-driven power demand, robust Power and Electrification growth, and a large backlog, all of which support the company’s long-term earnings story.
• Neutral Sentiment: GE Vernova is drawing heavy investor attention ahead of its July 22 earnings release, with articles noting that expectations are high and the stock is being actively searched and discussed. Investors Heavily Search GE Vernova Inc. (GEV): Here is What You Need to Know
• Neutral Sentiment: Some analysts remain mixed, with one article noting conflicting sentiment across industrial goods names, suggesting the bullish thesis is not universally shared.
• Negative Sentiment: Articles also pointed to ongoing pressure in GE Vernova’s Wind segment and heavy spending plans, including $11 billion in capex and R&D through 2028, which may weigh on near-term margins and earnings visibility.

GE Vernova Stock Down 1.9%

GEV opened at $1,035.06 on Friday. The company has a market cap of $278.14 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 3.89 and a beta of 1.09. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month high of $1,195.94. The company has a 50-day moving average price of $1,037.19 and a 200 day moving average price of $907.82. The company has a quick ratio of 0.65, a current ratio of 0.89 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 (EPS) 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 analysts' expectations of $9.19 billion. During the same period in the previous year, the firm posted $0.91 EPS. GE Vernova's revenue was up 17.0% compared to the same quarter last year. Sell-side analysts expect that GE Vernova Inc. will post 15.06 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, June 16th. GE Vernova's 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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