Intech Investment Management LLC Raises Stock Position in GE Vernova Inc. $GEV

Key Points

• Intech Investment Management LLC boosted its GE Vernova stake by 202.9% in the fourth quarter, ending with 79,757 shares valued at about $52.1 million.
• Several major analysts turned more bullish on GE Vernova, with firms like Morgan Stanley, TD Cowen, and BMO Capital Markets raising price targets. The consensus rating is now Moderate Buy with an average target of $1,090.76.
• GE Vernova posted a strong quarterly earnings beat, reporting $17.44 EPS and $9.34 billion in revenue, while also announcing a $0.50 quarterly dividend payable in July.

Intech Investment Management LLC increased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 202.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,757 shares of the company's stock after purchasing an additional 53,426 shares during the period. GE Vernova makes up 0.5% of Intech Investment Management LLC's holdings, making the stock its 28th biggest position. Intech Investment Management LLC's holdings in GE Vernova were worth $52,127,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GEV. Brighton Jones LLC raised its holdings in shares of GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock worth $1,091,000 after purchasing an additional 753 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of GE Vernova by 1.7% during the second quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company's stock worth $828,000 after purchasing an additional 26 shares during the last quarter. Jump Financial LLC purchased a new position in shares of GE Vernova during the second quarter worth $258,000. Ossiam purchased a new position in shares of GE Vernova during the second quarter worth $42,000. Finally, Nebula Research & Development LLC increased its holdings in GE Vernova by 23.9% in the second quarter. Nebula Research & Development LLC now owns 1,674 shares of the company's stock valued at $886,000 after buying an additional 323 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. 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 report on Monday, March 23rd. TD Cowen lifted their price objective on shares of GE Vernova from $780.00 to $1,220.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. BMO Capital Markets lifted their price objective on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. Wells Fargo & Company lifted their price objective on shares of GE Vernova from $831.00 to $896.00 and gave the company an "overweight" rating in a report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of GE Vernova from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a report on Thursday, April 16th. 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 company. According to MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $1,090.76.

Key GE Vernova News

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

• Positive Sentiment: UBS identified GE Vernova as one of its highest-conviction industrial picks, signaling strong analyst confidence in the company’s outlook and supporting investor sentiment. GE Vernova, Boeing lead UBS’s highest-conviction industrial calls
• Positive Sentiment: Another market report said analysts view GE Vernova (GEV) as one of the best industrial buy ideas, which can help sustain demand for the shares even after recent volatility. Analysts Name Best Picks In Industrials. One Is Topping A Buy Point Today.
• Positive Sentiment: Coverage focused on GE Vernova’s strong cash generation and analyst optimism, suggesting the market continues to view the company as a quality industrial with solid fundamentals. Is GE Vernova (GEV) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: An article highlighted GE Vernova’s presentation at Bernstein’s strategic decisions conference, but it did not include a major new catalyst for the stock. GE Vernova Inc. (GEV) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Negative Sentiment: Some commentary raised concerns that GE Vernova’s AI/data-center upside may be more limited than bulls expect, pointing to physical constraints and project delays that could temper enthusiasm. GE Vernova: Physical Limitations Put A Harsh Ceiling On The AI Upside
• Negative Sentiment: Another piece questioned whether a turbine milestone will translate into stronger cash flow and dividend potential, which may weigh on valuation if investors focus on capital returns. GE Vernova Turbine Milestone Raises Questions On Cash Flows And Dividends

GE Vernova Stock Down 3.5%

GEV opened at $996.00 on Friday. The stock has a market capitalization of $267.65 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 3.86 and a beta of 1.51. The company has a fifty day moving average of $994.75 and a two-hundred day moving average of $805.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89. GE Vernova Inc. has a fifty-two week low of $458.65 and a fifty-two week high of $1,181.95.

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

GE Vernova Announces Dividend

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

Insider Activity at GE Vernova

In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the business's stock in a transaction dated 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.