Resona Asset Management Co. Ltd. Has $71.59 Million Position in GE Vernova Inc. $GEV

Key Points

• Resona Asset Management increased its stake in GE Vernova by 1.9% in the first quarter, holding 83,011 shares valued at about $71.59 million at quarter-end.
• Wall Street remains bullish on GE Vernova, with multiple firms raising price targets and the stock carrying a Moderate Buy consensus and an average target price of $1,089.88.
• The company reported strong quarterly results, including revenue of $9.34 billion and a major EPS beat, while analysts now expect full-year earnings of $15.05 per share.

Resona Asset Management Co. Ltd. grew its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 1.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,011 shares of the company's stock after acquiring an additional 1,571 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in GE Vernova were worth $71,590,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GEV. Brighton Jones LLC grew its holdings in GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after purchasing an additional 753 shares during the period. Schnieders Capital Management LLC. raised its holdings in GE Vernova by 1.7% in 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 period. Jump Financial LLC acquired a new stake in GE Vernova in the second quarter worth $258,000. Ossiam bought a new position in shares of GE Vernova during the second quarter worth $42,000. Finally, Nebula Research & Development LLC boosted its position in shares of GE Vernova by 23.9% during the second quarter. Nebula Research & Development LLC now owns 1,674 shares of the company's stock worth $886,000 after purchasing an additional 323 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Morgan Stanley upped their price objective on shares of GE Vernova from $817.00 to $960.00 and gave the company an "overweight" rating in a research report on Monday, March 23rd. Argus set a $1,300.00 target price on GE Vernova in a report on Monday, April 27th. Sanford C. Bernstein started coverage on GE Vernova in a research note on Tuesday, June 16th. They issued an "outperform" rating and a $1,206.00 target price for the company. TD Cowen increased their price target on GE Vernova from $780.00 to $1,220.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Finally, Wells Fargo & Company raised their price target on GE Vernova from $831.00 to $896.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,089.88.

GE Vernova Price Performance

Shares of NYSE GEV opened at $1,075.36 on Thursday. The company has a fifty day moving average price of $1,039.86 and a 200 day moving average price of $891.01. The firm has a market cap of $288.97 billion, a PE ratio of 31.32, a PEG ratio of 3.98 and a beta of 1.09. 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 Inc. has a 1-year low of $520.00 and a 1-year high of $1,195.94.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 EPS 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 analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. Research analysts predict that GE Vernova Inc. will post 15.05 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently declared 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. 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 (DPR) is currently 5.83%.

Insider Activity at GE Vernova

In other news, 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. This trade represents a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the stock in a transaction 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 transaction, 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 SEC filing for this sale provides additional information. 0.21% of the stock is owned by company insiders.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova continues to benefit from surging demand for grid, turbine, and power infrastructure tied to AI data center growth, which has helped make the stock a major 2026 winner. GE Vernova’s Power Surge Turns the Grid Into an AI Trade
• Positive Sentiment: The company’s recent earnings backdrop has been strong, with revenue growth and a sizable earnings beat in the latest reported quarter, reinforcing the view that fundamentals are supporting the stock’s long-term move higher.
• Positive Sentiment: Coverage suggesting GE Vernova may still be undervalued reflects optimism that AI-driven power demand and inclusion in the Russell Top 50 could support further upside. Is GE Vernova (GEV) Undervalued Following AI Demand And Russell Top 50 Inclusion?

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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