IFM Investors Pty Ltd Buys 1,650 Shares of GE Vernova Inc. $GEV

Key Points

• IFM Investors Pty Ltd increased its stake in GE Vernova by 3.2% in the fourth quarter, buying 1,650 additional shares and bringing its total holdings to 53,145 shares worth about $34.7 million.
• GE Vernova recently beat Wall Street expectations in its latest quarterly report, posting $17.44 EPS versus the $1.95 estimate and revenue of $9.34 billion, up 17% year over year. Analysts currently maintain a Moderate Buy consensus with an average price target of about $1,085.
• The company also announced a quarterly dividend of $0.50 per share, payable July 14, while insiders have recently sold shares, including the CAO and CEO. GE Vernova stock was up 4.3% in the report and opened at $904.16.

IFM Investors Pty Ltd raised its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,145 shares of the company's stock after buying an additional 1,650 shares during the period. IFM Investors Pty Ltd's holdings in GE Vernova were worth $34,734,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Torren Management LLC bought a new position in shares of GE Vernova in the fourth quarter worth about $26,000. Jackson Grant Investment Advisers Inc. increased its stake in shares of GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company's stock worth $25,000 after purchasing an additional 31 shares during the period. Wealth Watch Advisors INC bought a new position in shares of GE Vernova in the third quarter worth about $25,000. ORG Wealth Partners LLC increased its stake in shares of GE Vernova by 241.7% in the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company's stock worth $27,000 after purchasing an additional 29 shares during the period. Finally, Navalign LLC bought a new position in shares of GE Vernova in the fourth quarter worth about $27,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on GEV shares. Wells Fargo & Company lifted their price objective on GE Vernova from $831.00 to $896.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 31st. The Goldman Sachs Group reiterated a "buy" rating and issued a $1,328.00 price objective on shares of GE Vernova in a research note on Friday, April 24th. Zacks Research lowered GE Vernova from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 28th. Rothschild & Co Redburn upgraded GE Vernova from a "sell" rating to a "buy" rating and lifted their price objective for the stock from $560.00 to $1,100.00 in a research note on Monday, March 9th. Finally, Jefferies Financial Group decreased their target price on GE Vernova from $1,350.00 to $1,210.00 and set a "buy" rating on the stock in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,085.16.

GE Vernova Stock Up 4.3%

NYSE GEV opened at $904.16 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The stock's 50 day moving average is $1,007.95 and its two-hundred day moving average is $830.97. The company has a market capitalization of $242.97 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 3.21 and a beta of 1.23. GE Vernova Inc. has a 1-year low of $474.21 and a 1-year high of $1,181.95.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $15.49. The company had revenue of $9.34 billion for 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 quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. Equities analysts forecast that GE Vernova Inc. will post 14.99 earnings per share for the current fiscal 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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 16th. GE Vernova's payout ratio is presently 5.83%.

Insider Buying and Selling

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova 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 sale, the chief accounting officer directly owned 3,549 shares of the company's stock, valued at approximately $3,758,710.41. The trade was a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction that occurred on Monday, June 1st. The shares were 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 in the company, valued at $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by insiders.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: Erste Group Bank lifted its FY2027 earnings estimate for GE Vernova and kept a Strong-Buy rating, reinforcing optimism around future earnings growth.
• Positive Sentiment: A Benzinga report highlighted GE Vernova as a potential beneficiary of the U.S. Department of Energy’s new fusion-energy timeline, which could improve sentiment toward the company’s exposure to advanced energy infrastructure. Article Title
• Neutral Sentiment: Broader market headlines referenced energy-related moves and geopolitical risk, but these were not specific to GE Vernova’s fundamentals.
• Negative Sentiment: Recent market coverage also noted that GE Vernova had seen a short-term dip versus the broader market, suggesting some volatility may still be present. Article Title

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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