Allspring Global Investments Holdings LLC Increases Stock Position in GE Vernova Inc. $GEV

Allspring Global Investments Holdings LLC raised its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 7.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,692 shares of the company’s stock after purchasing an additional 4,827 shares during the period. Allspring Global Investments Holdings LLC’s holdings in GE Vernova were worth $63,254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GEV. One Day In July LLC raised its stake in shares of GE Vernova by 5.4% in the first quarter. One Day In July LLC now owns 582 shares of the company’s stock worth $508,000 after purchasing an additional 30 shares during the last quarter. Thayer Partners LLC MA boosted its position in shares of GE Vernova by 1.1% during the first quarter. Thayer Partners LLC MA now owns 1,956 shares of the company’s stock valued at $1,707,000 after buying an additional 21 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of GE Vernova during the first quarter valued at $6,181,000. Enterprise Financial Services Corp increased its holdings in GE Vernova by 2.7% in the 1st quarter. Enterprise Financial Services Corp now owns 904 shares of the company’s stock worth $789,000 after buying an additional 24 shares in the last quarter. Finally, Prosperity Consulting Group LLC increased its holdings in GE Vernova by 8.0% in the 1st quarter. Prosperity Consulting Group LLC now owns 1,977 shares of the company’s stock worth $1,726,000 after buying an additional 146 shares in the last quarter.

GE Vernova Trading Up 2.1%

Shares of GE Vernova stock opened at $1,058.44 on Friday. The company’s fifty day simple moving average is $1,037.54 and its 200-day simple moving average is $908.87. The stock has a market capitalization of $284.42 billion, a PE ratio of 30.83, a P/E/G ratio of 3.90 and a beta of 1.09. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, topping 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 firm had revenue of $9.34 billion during the quarter, compared to analyst estimates of $9.19 billion. During the same period in the prior year, the business posted $0.91 EPS. GE Vernova’s revenue was up 17.0% on a year-over-year basis. As a group, equities analysts anticipate 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. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 16th. GE Vernova’s payout ratio is currently 5.83%.

Insider Transactions at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,835 shares of the company’s stock, valued at $1,739,726.80. The trade was a 72.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction dated 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 transaction, the chief accounting officer directly owned 3,549 shares in the company, valued at approximately $3,758,710.41. The trade was a 39.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their target price on GE Vernova from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Morgan Stanley raised their price target on shares of GE Vernova from $817.00 to $960.00 and gave the company an “overweight” rating in a report on Monday, March 23rd. Erste Group Bank upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Tuesday, March 24th. BMO Capital Markets boosted their price objective on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, BNP Paribas Exane downgraded shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price objective on the stock. in a research report on Monday, April 27th. Three investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $1,089.88.

More GE Vernova News

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

• Positive Sentiment: Erste Group Bank raised its FY2027 EPS estimate for GE Vernova and kept a Strong-Buy rating, reinforcing the view that earnings could keep growing over the next few years.
• Positive Sentiment: Bernstein recently initiated coverage with an Outperform rating and a $1,206 price target, citing GE Vernova’s position to benefit from global energy trends and power demand from AI data centers. Article Title
• Positive Sentiment: Investors are focusing on the company’s large backlog, raised revenue and free cash flow guidance, and major investment plan of $11 billion in capex and R&D through 2028, which signals confidence in long-term demand. Article Title
• Neutral Sentiment: GE Vernova is also benefiting from broader market interest in AI and energy infrastructure stocks, especially with major catalysts like Google’s earnings and capex guidance potentially influencing the whole sector. Article Title
• Neutral Sentiment: Recent articles also show investors heavily searching the stock, suggesting strong attention ahead of earnings, though not necessarily a new fundamental catalyst. Article Title
• Negative Sentiment: One recent note highlighted conflicting analyst views on GE Vernova, which may temper enthusiasm if investors become more cautious into earnings. Article Title

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.