Bowen Hanes & Co. Inc. Sells 5,154 Shares of GE Vernova Inc. $GEV

Bowen Hanes & Co. Inc. reduced its stake in shares of GE Vernova Inc. (NYSE:GEV) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 176,329 shares of the company’s stock after selling 5,154 shares during the period. GE Vernova accounts for about 2.9% of Bowen Hanes & Co. Inc.’s portfolio, making the stock its 7th largest holding. Bowen Hanes & Co. Inc.’s holdings in GE Vernova were worth $115,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in GEV. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of GE Vernova by 344.4% during the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares during the last quarter. Wealth Watch Advisors INC acquired a new position in shares of GE Vernova during the 3rd quarter worth approximately $25,000. Torren Management LLC acquired a new position in shares of GE Vernova during the 4th quarter worth approximately $26,000. ORG Wealth Partners LLC boosted its holdings in shares of GE Vernova by 241.7% during the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after purchasing an additional 29 shares during the last quarter. Finally, Navalign LLC acquired a new position in shares of GE Vernova during the 4th quarter worth approximately $27,000.

Insiders Place Their Bets

In other news, 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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the sale, the chief accounting officer directly owned 3,549 shares in the company, valued at $3,758,710.41. This represents a 39.66% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by corporate insiders.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova is benefiting from rising demand for gas turbines and power infrastructure tied to AI data centers, with articles highlighting backlog growth, strong Power orders, and potential upside from the broader electrification buildout. Can GE Vernova Benefit From the Global Gas Turbine Supply Crunch?
• Positive Sentiment: Analysts and market commentary continue to point to GE Vernova as a key beneficiary of AI-powered nuclear and non-tech infrastructure spending, which supports the stock’s longer-term growth story. Watch 3 AI-Powered Nuclear Energy OEMs Amid Double-Digit Price Upside
• Positive Sentiment: Recent coverage also notes strong earnings, improving free cash flow, and new orders related to data center electrification, reinforcing confidence in GE Vernova’s operating momentum. Can GE Vernova (GEV) Power AI Data Center Demand While Managing Wind and Grid Headwinds?
• Neutral Sentiment: The stock is also drawing attention from investors and analysts, but that interest appears to reflect broad market focus rather than a single new catalyst. GE Vernova Inc. (GEV) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: A court ruling upheld an injunction requiring GE Vernova to continue turbine work at Vineyard Wind, keeping a project-related legal and execution issue in focus. Judge upholds injunction requiring GE Vernova to continue turbine work at Vineyard Wind
• Negative Sentiment: Insider selling may also be weighing on sentiment, as CEO Victor Abate sold shares in a disclosed SEC filing. SEC Form 4 Filing

GE Vernova Stock Down 1.1%

Shares of NYSE GEV opened at $959.30 on Thursday. The firm has a market cap of $257.78 billion, a price-to-earnings ratio of 27.94, a PEG 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 Inc. has a 52-week low of $458.65 and a 52-week high of $1,181.95. The business’s 50 day moving average is $1,002.41 and its two-hundred day moving average is $816.16.

GE Vernova (NYSE:GEV) last announced its earnings results 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. 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 firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 earnings per share. Research analysts predict that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend 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 is currently 5.83%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GEV shares. Guggenheim boosted their target price on GE Vernova from $910.00 to $1,300.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. BMO Capital Markets upped their price objective on GE Vernova from $1,110.00 to $1,250.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. BNP Paribas Exane cut GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price objective on the stock. in a report on Monday, April 27th. Susquehanna set a $1,300.00 price objective on GE Vernova in a report on Thursday, April 23rd. Finally, Erste Group Bank upgraded GE Vernova to a “strong-buy” rating in a report on Tuesday, March 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,090.76.

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.