Mainstream Capital Management LLC Acquires Shares of 1,394 GE Vernova Inc. $GEV

Mainstream Capital Management LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,394 shares of the company’s stock, valued at approximately $1,217,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Auto Owners Insurance Co lifted its position in 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 acquiring an additional 34,826,773 shares in the last quarter. Vanguard Group Inc. increased its holdings in GE Vernova by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 25,023,625 shares of the company’s stock worth $16,354,691,000 after purchasing an additional 208,162 shares in the last quarter. State Street Corp increased its holdings in GE Vernova by 2.1% during the 4th quarter. State Street Corp now owns 11,469,670 shares of the company’s stock worth $7,496,232,000 after purchasing an additional 231,392 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of GE Vernova by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 6,249,193 shares of the company’s stock worth $4,074,039,000 after purchasing an additional 68,894 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of GE Vernova by 12.8% in the fourth quarter. Morgan Stanley now owns 6,054,474 shares of the company’s stock worth $3,957,024,000 after purchasing an additional 685,466 shares during the last quarter.

Insider Transactions at GE Vernova

In related news, CEO Victor Abate sold 4,819 shares of the firm’s stock in a transaction dated 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 owned 1,835 shares in the company, valued at approximately $1,739,726.80. This trade represents a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction dated 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 sale, the chief accounting officer directly owned 3,549 shares in the company, valued at approximately $3,758,710.41. This 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.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $1,036.75 on Wednesday. The business’s fifty day simple moving average is $1,026.82 and its 200 day simple moving average is $856.51. 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. The firm has a market capitalization of $278.60 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 4.18 and a beta of 1.23.

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 return on equity of 43.97% and a net margin of 23.81%.The firm had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, analysts anticipate that GE Vernova Inc. will post 14.99 EPS for the current 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 dividend of $0.50 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is presently 5.83%.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova is being cited as a key beneficiary of the AI/data-center power buildout, reinforcing demand for its grid and gas turbine equipment. The Big 3: GEV, IBM, MSFT
• Positive Sentiment: Investor commentary and stock-screening articles continue to list GE Vernova as one of the best electrical infrastructure and AI power stocks to own, reflecting strong sentiment around its role in meeting rising electricity demand. GE Vernova (GEV) Falls More Steeply Than Broader Market: What Investors Need to Know
• Positive Sentiment: GEV’s inclusion in “best stocks to buy” and “AI power crisis” lists suggests investors still see it as a levered winner from the long-term electrification and data-center infrastructure trend. 5 Stocks Solving the AI Power Crisis (GEV)
• Neutral Sentiment: Market wrap articles note GE Vernova’s recent underperformance versus the broader market, but they do not point to any new operational problem at the company itself. GE Vernova (GEV) Falls More Steeply Than Broader Market: What Investors Need to Know

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GEV shares. Barclays lifted their target price on GE Vernova from $993.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Jefferies Financial Group lowered their price target on GE Vernova from $1,350.00 to $1,210.00 and set a “buy” rating for the company in a research report on Thursday, June 11th. JPMorgan Chase & Co. raised their price objective on GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Argus set a $1,300.00 price objective on shares of GE Vernova in a report on Monday, April 27th. Finally, TD Cowen increased their target price on shares of GE Vernova from $780.00 to $1,220.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Three investment 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 stock. Based on data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average price target of $1,089.88.

GE Vernova Company 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.