Florida Financial Advisors LLC lowered its holdings in GE Vernova Inc. (NYSE:GEV – Free Report) by 58.8% during the first quarter, HoldingsChannel reports. The fund owned 1,201 shares of the company’s stock after selling 1,711 shares during the period. Florida Financial Advisors LLC’s holdings in GE Vernova were worth $1,048,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC raised its holdings in GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after purchasing an additional 753 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of GE Vernova by 1.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock valued at $828,000 after buying an additional 26 shares in the last quarter. Jump Financial LLC purchased a new position in shares of GE Vernova in the 2nd quarter valued at $258,000. Ossiam purchased a new position in shares of GE Vernova in the 2nd quarter valued at $42,000. Finally, Nebula Research & Development LLC raised its stake in GE Vernova by 23.9% during the 2nd quarter. Nebula Research & Development LLC now owns 1,674 shares of the company’s stock worth $886,000 after acquiring an additional 323 shares in the last quarter.
Insider Transactions at GE Vernova
In related news, CAO Matthew Joseph Potvin sold 2,333 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer owned 3,549 shares in the company, valued at $3,758,710.41. The trade was a 39.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Victor Abate sold 4,819 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.
GE Vernova Stock Up 2.0%
GE Vernova (NYSE:GEV – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $15.49. The company had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. GE Vernova’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the firm posted $0.91 EPS. Sell-side analysts expect that GE Vernova Inc. will post 15.06 earnings per share for the current year.
GE Vernova Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was 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 currently 5.83%.
GE Vernova News Roundup
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: GE Vernova heads into earnings with a strong setup, as investors expect the company to report solid results that could extend its sharp 2026 run. GE Vernova’s Next Earnings Report on July 22 Could Send the Stock Soaring. Here’s Why.
- Positive Sentiment: The company’s sold-out gas turbines are a key signal that demand remains very strong, which supports revenue visibility and pricing power. What GE Vernova’s sold-out gas turbines represent for energy company
- Positive Sentiment: GE Vernova stock is trading higher ahead of its second-quarter results, reflecting optimism that earnings and guidance could come in better than expected. GE Vernova Stock Powers Higher Ahead of Earnings
- Positive Sentiment: Rising power demand from AI data centers is being seen as a major tailwind for GE Vernova, with investors rotating into industrial names tied to electrification. AI Data Centers Need Power, and These 2 Industrials Are Cashing In
- Neutral Sentiment: GE Vernova is included in broader market coverage this week as one of several notable companies reporting earnings, but this is more of a calendar item than a direct catalyst. Dow Jones Futures Fall As U.S.-Iran Attacks Escalate; Google, Tesla, AMD Ahead
- Neutral Sentiment: Commentary on the week’s earnings and geopolitical backdrop provides context for market sentiment, but it does not materially change GE Vernova’s near-term outlook. Big Tech earnings test tech’s big rotation: What to watch this week
- Neutral Sentiment: General “green energy” bullishness is supportive for the sector, but the articles are broad and not specific to a new company-level development. 3 Green Energy Stocks to Buy in July
- Neutral Sentiment: Another sector-focused article highlights renewables and electrification trends, which supports the investment case but does not add a fresh catalyst for GEV specifically. 3 Green Energy Stocks to Buy in July
- Neutral Sentiment: GE Vernova is also mentioned in a list of industrial growth stocks, reinforcing the long-term AI and electrification narrative. 5 Stocks Poised to Outperform With Their Best Growth Still Ahead
Wall Street Analysts Forecast Growth
GEV has been the subject of a number of research reports. Wall Street Zen raised shares of GE Vernova from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Wells Fargo & Company raised their price objective on GE Vernova from $831.00 to $896.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Susquehanna set a $1,300.00 target price on GE Vernova in a research report on Thursday, April 23rd. Robert W. Baird boosted their target price on GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, Argus set a $1,300.00 target price on GE Vernova in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,089.88.
Read Our Latest Report on GE Vernova
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.
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