GE Vernova Inc. $GEV Shares Sold by Westpac Banking Corp

Posted by Hanz Christensen on Jun 4th, 2026

Westpac Banking Corp cut its stake in GE Vernova Inc. (NYSE:GEV – Free Report) by 66.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,256 shares of the company’s stock after selling 2,462 shares during the period. Westpac Banking Corp’s holdings in GE Vernova were worth $821,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new stake in GE Vernova in the fourth quarter worth $26,000. Jackson Grant Investment Advisers Inc. increased its position in 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 buying an additional 31 shares during the period. Wealth Watch Advisors INC acquired a new stake in GE Vernova in the third quarter worth $25,000. ORG Wealth Partners LLC increased its position in 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 buying an additional 29 shares during the period. Finally, Navalign LLC acquired a new stake in GE Vernova in the fourth quarter worth $27,000.

GE Vernova Trading Down 1.1%

Shares of GEV stock opened at $959.30 on Thursday. The stock has a 50-day simple moving average of $1,002.41 and a 200 day simple moving average of $816.16. GE Vernova Inc. has a fifty-two week low of $458.65 and a fifty-two week high of $1,181.95. The stock has a market capitalization of $257.78 billion, a P/E ratio of 27.94, a P/E/G ratio of 3.63 and a beta of 1.23. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19.

GE Vernova (NYSE:GEV – Get Free Report) last announced 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. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The business had revenue of $9.34 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts expect that GE Vernova Inc. will post 14.84 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Victor Abate sold 4,819 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the transaction, the chief executive officer owned 1,835 shares in the company, valued at $1,739,726.80. This trade represents a 72.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the 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 completion of the transaction, the chief accounting officer owned 3,549 shares of the company’s stock, valued at $3,758,710.41. This trade represents a 39.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on GEV shares. Royal Bank Of Canada increased their target price on GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Susquehanna set a $1,300.00 price target on GE Vernova in a research note on Thursday, April 23rd. Wells Fargo & Company increased their price target 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 reissued a “buy” rating and issued a $1,328.00 price target on shares of GE Vernova in a research note on Friday, April 24th. Finally, Weiss Ratings raised GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,090.76.

Get Our Latest Analysis on GE Vernova

More GE Vernova News

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

Positive Sentiment: GE Vernova is being highlighted as a beneficiary of the AI data-center buildout, with several recent articles pointing to stronger power demand, backlog growth, and more orders for gas turbines and grid-related equipment. Watch 3 AI-Powered Nuclear Energy OEMs Amid Double-Digit Price Upside
Positive Sentiment: Analysts and market commentary continue to frame GEV as a long-term winner from global power demand, including a supply crunch in gas turbines that could support pricing and backlog. Can GE Vernova Benefit From the Global Gas Turbine Supply Crunch?
Neutral Sentiment: Investors are paying close attention to GE Vernova after recent strong earnings, improving free cash flow, and a new acquisition tied to automation, but the company still faces wind, grid, tariff, and regulatory headwinds. Can GE Vernova (GEV) Power AI Data Center Demand While Managing Wind and Grid Headwinds?
Neutral Sentiment: The stock is also getting extra attention from traders and investors on Zacks due to its recent momentum and visibility, which can increase volatility without changing the fundamental outlook by itself. GE Vernova Inc. (GEV) is Attracting Investor Attention: Here is What You Should Know
Negative Sentiment: CEO Victor Abate sold 4,819 shares in a disclosed SEC filing, a transaction that can raise caution among investors even though it represents a small part of the company overall. SEC Form 4 filing
Negative Sentiment: Mizuho Securities reportedly initiated or reiterated coverage with a Hold rating, which may be limiting enthusiasm and contributing to the stock’s softness. GE Vernova Inc. (GEV) Gets a Hold from Mizuho Securities

GE Vernova Company Profile

(Free Report)

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.