Vivid Wealth Management LLC Has $2.98 Million Holdings in GE Vernova Inc. $GEV

Vivid Wealth Management LLC trimmed its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 21.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,408 shares of the company’s stock after selling 907 shares during the quarter. GE Vernova comprises about 1.2% of Vivid Wealth Management LLC’s investment portfolio, making the stock its 17th largest holding. Vivid Wealth Management LLC’s holdings in GE Vernova were worth $2,975,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. QRG Capital Management Inc. raised its stake in GE Vernova by 34.7% in the 1st quarter. QRG Capital Management Inc. now owns 36,194 shares of the company’s stock worth $31,594,000 after purchasing an additional 9,320 shares in the last quarter. Oxbow Advisors LLC acquired a new position in shares of GE Vernova during the 1st quarter worth approximately $227,000. HB Wealth Management LLC grew its position in shares of GE Vernova by 12.3% during the 1st quarter. HB Wealth Management LLC now owns 15,964 shares of the company’s stock worth $13,936,000 after purchasing an additional 1,746 shares in the last quarter. Moran Wealth Management LLC increased its holdings in shares of GE Vernova by 69.4% during the first quarter. Moran Wealth Management LLC now owns 681 shares of the company’s stock worth $594,000 after purchasing an additional 279 shares during the period. Finally, Leelyn Smith LLC bought a new position in shares of GE Vernova during the first quarter worth approximately $241,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Robert W. Baird boosted their price target on GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Erste Group Bank upgraded GE Vernova to a “strong-buy” rating in a research note on Tuesday, March 24th. Oppenheimer set a $1,303.00 price objective on GE Vernova in a research note on Thursday, April 23rd. Citigroup lifted their price objective on GE Vernova from $779.00 to $1,110.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Finally, Rothschild & Co Redburn upgraded GE Vernova from a “sell” rating to a “buy” rating and upped their target price for the company 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 given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,089.88.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $1,113.43 on Friday. The company has a 50 day moving average of $1,042.04 and a 200-day moving average of $879.98. GE Vernova Inc. has a 1-year low of $506.02 and a 1-year high of $1,181.95. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The company has a market cap of $299.20 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 4.11 and a beta of 1.09.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The business had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same period last year, the firm posted $0.91 earnings per share. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities research analysts forecast that GE Vernova Inc. will post 15.05 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th will be issued 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 of this dividend is Tuesday, June 16th. GE Vernova’s dividend payout ratio (DPR) is currently 5.83%.

Insider Buying and Selling at GE Vernova

In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the business’s 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 completion of the transaction, the chief accounting officer owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. The trade was a 39.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Victor Abate sold 4,819 shares of the company’s 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 sale, the chief executive officer owned 1,835 shares of the company’s stock, valued at approximately $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. Company insiders own 0.21% of the company’s stock.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: GE Vernova is benefiting from the AI boom not just through gas turbines, but also through higher demand for grid equipment and electrification products used by data centers, reinforcing growth across multiple business lines. GE Vernova’s gas turbines aren’t the only way it’s winning from the AI boom
• Positive Sentiment: The stock is also getting support from its inclusion in the Russell Top 50 Index and from rising orders tied to AI-driven data center power needs, which can improve institutional visibility and sentiment. Why GE Vernova (GEV) Is Up 7.3% After Russell Top 50 Nod And AI Power Orders
• Positive Sentiment: Jim Cramer said GE Vernova is his favorite among the takeover-related names he was discussing and specifically voiced confidence in CEO Scott Strazik, which may be adding to bullish investor attention. Jim Cramer on GE Vernova: “I Believe In Scott Strazik”
• Positive Sentiment: Analysts are flagging GE Vernova as a candidate to beat earnings again, pointing to its strong track record of surprises and favorable setup ahead of its next report. Will GE Vernova (GEV) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Some coverage is simply reminding investors to mark the calendar for July 22, likely a date tied to the company’s next earnings update or an important event, but it does not add new operational news. Dear GE Vernova stock fans, mark your calendars for July 22

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.