Strs Ohio Sells 5,639 Shares of GE Vernova Inc. $GEV

Strs Ohio lessened its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 3.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 164,015 shares of the company’s stock after selling 5,639 shares during the period. GE Vernova makes up approximately 0.6% of Strs Ohio’s holdings, making the stock its 23rd largest position. Strs Ohio’s holdings in GE Vernova were worth $143,169,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after acquiring an additional 753 shares during the last quarter. Schnieders Capital Management LLC. increased its position in GE Vernova by 1.7% during the second quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock worth $828,000 after acquiring an additional 26 shares during the period. Jump Financial LLC acquired a new position in GE Vernova during the 2nd quarter valued at $258,000. Ossiam acquired a new position in GE Vernova during the 2nd quarter valued at $42,000. Finally, Nebula Research & Development LLC boosted its holdings in GE Vernova by 23.9% in the 2nd quarter. Nebula Research & Development LLC now owns 1,674 shares of the company’s stock valued at $886,000 after purchasing an additional 323 shares during the period.

Insider Activity

In related news, CEO Victor Abate sold 4,819 shares of the 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 of the company’s stock, valued at $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s 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 transaction, the chief accounting officer owned 3,549 shares of the company’s stock, 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. 0.21% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on GEV. BMO Capital Markets raised their price target on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Argus set a $1,300.00 price objective on shares of GE Vernova in a research report on Monday, April 27th. Rothschild & Co Redburn upgraded shares of GE Vernova from a “sell” rating to a “buy” rating and increased their target price for the company from $560.00 to $1,100.00 in a research note on Monday, March 9th. Jefferies Financial Group decreased their target price on GE Vernova from $1,350.00 to $1,210.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Finally, Morgan Stanley boosted their price target on GE Vernova from $817.00 to $960.00 and gave the company an “overweight” rating in a research note on Monday, March 23rd. Three research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,089.88.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova’s inclusion in the Russell Top 50 and stronger orders tied to AI data centers are boosting investor enthusiasm, as these trends point to growing demand for its gas turbines, grid, and electrification equipment. Why GE Vernova (GEV) Is Up 7.3% After Russell Top 50 Nod And AI Power Orders
• Positive Sentiment: Analysts remain constructive on GE Vernova, with Bernstein reiterating a Buy rating and Erste Group raising FY2027 EPS estimates, reinforcing confidence in the company’s earnings outlook. Bernstein Sticks to Their Buy Rating for GE Vernova Inc. (GEV)
• Positive Sentiment: Multiple previews say GE Vernova has the ingredients to beat estimates again in its next earnings report, supported by a strong surprise history and favorable business momentum. Will GE Vernova (GEV) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: The company’s expanded installed base of gas turbines should drive higher-margin services revenue over time, adding support to the long-term investment case. Here’s Why GE Vernova Stock Soared Last Month
• Neutral Sentiment: Several articles note that GE Vernova is attracting heavy investor attention and trading at a premium valuation after a strong year-to-date run, which suggests expectations are elevated ahead of earnings. GE Vernova Trades at a Premium Valuation: Buy, Hold or Sell the Stock?
• Negative Sentiment: One recent note highlighted that the stock had dipped more than the broader market in the prior session, showing that some profit-taking and volatility can still pressure shares despite the bullish longer-term narrative. GE Vernova (GEV) Dips More Than Broader Market: What You Should Know

GE Vernova Stock Down 1.8%

Shares of GEV stock opened at $1,113.43 on Friday. The stock has a market cap of $299.20 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 3.76 and a beta of 1.09. GE Vernova Inc. has a one year low of $506.02 and a one year high of $1,181.95. The stock has a fifty day moving average price of $1,042.29 and a 200 day moving average price of $878.33. 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 results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The firm 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%. The business’s 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. Analysts predict that GE Vernova Inc. will post 16.77 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 16th. GE Vernova’s payout ratio is 5.83%.

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.