The Manufacturers Life Insurance Company Sells 29,468 Shares of GE Vernova Inc. $GEV

The Manufacturers Life Insurance Company lowered its stake in GE Vernova Inc. (NYSE:GEV) by 11.0% in the first quarter, HoldingsChannel.com reports. The firm owned 239,383 shares of the company’s stock after selling 29,468 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in GE Vernova were worth $208,957,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Auto Owners Insurance Co increased its stake in shares of 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 valued at $2,278,224,000 after buying an additional 34,826,773 shares during the period. Norges Bank acquired a new position in shares of GE Vernova during the fourth quarter valued at $2,283,114,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of GE Vernova by 5,171.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company’s stock valued at $1,603,114,000 after acquiring an additional 2,406,326 shares during the period. Corient Private Wealth LLC lifted its stake in shares of GE Vernova by 2,802.8% during the fourth quarter. Corient Private Wealth LLC now owns 1,608,714 shares of the company’s stock valued at $1,051,407,000 after acquiring an additional 1,553,295 shares during the period. Finally, Morgan Stanley boosted its holdings in GE Vernova by 12.8% in the fourth quarter. Morgan Stanley now owns 6,054,474 shares of the company’s stock valued at $3,957,024,000 after acquiring an additional 685,466 shares during the last quarter.

Insider Activity at GE Vernova

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. This represents a 39.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction that occurred 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 completion of 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 owned by company insiders.

Wall Street Analyst Weigh In

GEV has been the subject of a number of research reports. Wall Street Zen lowered GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,328.00 target price on shares of GE Vernova in a research note on Friday, April 24th. Zacks Research cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. BNP Paribas Exane cut shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price target for the company. in a research report on Monday, April 27th. Finally, TD Cowen boosted their price target on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $1,133.15.

GE Vernova Trading Down 5.4%

NYSE:GEV opened at $942.73 on Wednesday. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The business’s 50-day moving average price is $1,032.76 and its two-hundred day moving average price is $927.90. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $251.08 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 3.65 and a beta of 1.09.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.70). The company had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.GE Vernova’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.86 earnings per share. On average, equities analysts expect that GE Vernova Inc. will post 15.16 earnings per share for the current 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, June 16th. GE Vernova’s dividend payout ratio (DPR) is currently 5.72%.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova has deployed AirJoule Technologies’ atmospheric water-generation system at its new Advanced Research Center Frontier Campus. The demonstration could strengthen the company’s offering for data centers and industrial customers facing water and energy constraints. GE Vernova Deploys AirJoule Water System at Frontier Campus
• Positive Sentiment: GE Vernova is attracting investor attention as rising electricity demand, grid modernization and broader electrification create potential growth opportunities for its power-generation and grid-equipment businesses. GE Vernova Draws Focus as Surging Power and Grid Demand Reshapes Electrification
• Positive Sentiment: The company is expanding its Hungary manufacturing site with a solar-energy project, supporting its sustainability profile and potentially improving the facility’s long-term energy economics. GE Vernova Expands Hungary Manufacturing Site with Solar Energy Project
• Positive Sentiment: Analysts cite GE Vernova as a potential beneficiary of higher oil prices and AI-driven power demand, as energy scarcity increases demand for generation and grid suppliers. Oil Prices Are Surging and These 4 Stocks Are Cashing In
• Neutral Sentiment: GE Vernova is included among Wall Street’s favored stocks with ambitious price targets, but the article cautions that analyst forecasts can be overly optimistic. Wall Street Favorite Stocks
• Neutral Sentiment: A proposed U.S. project pairing an AI data center with dedicated generation highlights a potential long-term market for GE Vernova, although no direct contract or revenue impact was announced. The Gas-to-Nuclear Bridge for AI Data Centers
• Negative Sentiment: Valuation remains a key risk: GE Vernova’s rapid share-price appreciation has prompted scrutiny over whether future growth is already reflected in the stock. GE Vernova Faces a Tough Valuation Test
• Negative Sentiment: The company’s latest quarterly EPS of $2.47 missed the $3.17 consensus estimate, despite revenue exceeding expectations and rising 21.9% year over year. The earnings shortfall likely amplified profit-taking and concern about near-term execution.

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.