OP Asset Management Ltd Purchases Shares of 27,807 GE Vernova Inc. $GEV

OP Asset Management Ltd purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 27,807 shares of the company’s stock, valued at approximately $24,273,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bell Investment Advisors Inc raised its stake in GE Vernova by 5.2% in the first quarter. Bell Investment Advisors Inc now owns 221 shares of the company’s stock valued at $193,000 after purchasing an additional 11 shares in the last quarter. Sky Investment Group LLC grew its stake in GE Vernova by 0.5% in the 1st quarter. Sky Investment Group LLC now owns 2,405 shares of the company’s stock worth $2,099,000 after buying an additional 12 shares in the last quarter. RFG Advisory LLC increased its holdings in shares of GE Vernova by 2.1% in the 4th quarter. RFG Advisory LLC now owns 634 shares of the company’s stock worth $414,000 after buying an additional 13 shares during the last quarter. BlackDiamond Wealth Management LLC increased its holdings in shares of GE Vernova by 2.8% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 471 shares of the company’s stock worth $308,000 after buying an additional 13 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp raised its position in shares of GE Vernova by 1.0% during the 1st quarter. Murphy & Mullick Capital Management Corp now owns 1,374 shares of the company’s stock valued at $1,199,000 after buying an additional 13 shares in the last quarter.

GE Vernova Stock Up 2.0%

GEV opened at $1,055.68 on Thursday. The company has a market cap of $283.68 billion, a P/E ratio of 30.75, a P/E/G ratio of 3.83 and a beta of 1.23. The business’s 50-day moving average price is $1,028.09 and its 200-day moving average price is $859.51. 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 12 month low of $482.20 and a 12 month high of $1,181.95.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating the consensus estimate of $1.95 by $15.49. The company had revenue of $9.34 billion during the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.GE Vernova’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. On average, equities analysts expect that GE Vernova Inc. will post 14.99 EPS for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 5.83%.

GE Vernova News Roundup

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

• Positive Sentiment: GE Vernova is being highlighted as a key beneficiary of the AI data-center buildout, with multiple reports pointing to a “power supercycle” and strong demand for its gas turbines and grid solutions. AI Data Centers Are Driving a Power Supercycle. GE Vernova’s Gas Turbine Prices Are Up 300% in Three Years
• Positive Sentiment: The company introduced GridOS for Transmission and new AI whitepapers, reinforcing the view that GE Vernova is expanding its software and grid-optimization offerings as utilities modernize infrastructure. GE Vernova (GEV) Introduces GridOS for Transmission
• Positive Sentiment: Wall Street and market commentary continue to frame GEV as a high-conviction stock tied to the power needs of AI, with analysts pointing to favorable long-term demand trends for electricity generation and transmission. Best Nuclear and AI Energy Stocks to Buy Now and Hold : GEV, TLN
• Neutral Sentiment: Recent valuation-focused coverage suggests the stock’s big rally has already priced in some of the AI and power-growth optimism, so investors are debating how much upside is left. GE Vernova (GEV) Stock After 103% One-Year Rally Is There Upside Left
• Negative Sentiment: The stock also followed a broad market selloff in the prior session, when GEV fell more than the wider market, which may have created some volatility even amid strong longer-term fundamentals. GE Vernova (GEV) Falls More Steeply Than Broader Market: What Investors Need to Know

Analyst Ratings Changes

Several brokerages recently issued reports on GEV. Royal Bank Of Canada upped their target price on shares of GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Argus set a $1,300.00 price target on GE Vernova in a research note on Monday, April 27th. Barclays upped their price objective on GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Guggenheim raised their price objective on GE Vernova from $910.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Rothschild & Co Redburn upgraded GE Vernova from a “sell” rating to a “buy” rating and boosted their target price for the stock from $560.00 to $1,100.00 in a research report on Monday, March 9th. Three 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,089.88.

Insider Activity at GE Vernova

In related 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 value of $2,470,856.97. Following the transaction, the chief accounting officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the sale, the chief executive officer owned 1,835 shares of the company’s stock, valued at $1,739,726.80. This represents 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 company insiders.

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.