SBI Okasan Asset Management Co.Ltd. Takes Position in GE Vernova Inc. $GEV

SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,980 shares of the company’s stock, valued at approximately $2,641,000.

A number of other institutional investors have also recently modified their holdings of GEV. Northwestern Mutual Wealth Management Co. lifted its position in shares of GE Vernova by 5,171.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company’s stock valued at $1,603,114,000 after acquiring an additional 2,406,326 shares during the period. Capital World Investors lifted its holdings in shares of GE Vernova by 1,907.5% during the 3rd quarter. Capital World Investors now owns 2,156,197 shares of the company’s stock worth $1,325,842,000 after acquiring an additional 2,048,792 shares during the period. Franklin Resources Inc. lifted its holdings in shares of GE Vernova by 170.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,175,729 shares of the company’s stock worth $722,956,000 after acquiring an additional 740,339 shares during the period. Jennison Associates LLC lifted its holdings in shares of GE Vernova by 1,300.4% during the 4th quarter. Jennison Associates LLC now owns 647,791 shares of the company’s stock worth $423,377,000 after acquiring an additional 601,533 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of GE Vernova by 10,288.6% during the 4th quarter. SG Americas Securities LLC now owns 418,661 shares of the company’s stock worth $273,624,000 after acquiring an additional 414,631 shares during the period.

Insider Buying and Selling at GE Vernova

In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the stock in a transaction on Thursday, May 14th. The shares were 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 $3,758,710.41. This represents a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.

GE Vernova Trading Down 3.5%

Shares of NYSE GEV opened at $996.00 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89. GE Vernova Inc. has a 52-week low of $458.65 and a 52-week high of $1,181.95. The firm has a 50 day moving average price of $994.75 and a two-hundred day moving average price of $805.17. The stock has a market cap of $267.65 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 3.86 and a beta of 1.51.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The firm had revenue of $9.34 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue was up 17.0% on a year-over-year basis. As a group, equities analysts forecast that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Dividend Announcement

The company 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 is Tuesday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is 5.83%.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: UBS identified GE Vernova as one of its highest-conviction industrial picks, signaling strong analyst confidence in the company’s outlook and supporting investor sentiment. GE Vernova, Boeing lead UBS’s highest-conviction industrial calls
• Positive Sentiment: Another market report said analysts view GE Vernova (GEV) as one of the best industrial buy ideas, which can help sustain demand for the shares even after recent volatility. Analysts Name Best Picks In Industrials. One Is Topping A Buy Point Today.
• Positive Sentiment: Coverage focused on GE Vernova’s strong cash generation and analyst optimism, suggesting the market continues to view the company as a quality industrial with solid fundamentals. Is GE Vernova (GEV) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: An article highlighted GE Vernova’s presentation at Bernstein’s strategic decisions conference, but it did not include a major new catalyst for the stock. GE Vernova Inc. (GEV) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Negative Sentiment: Some commentary raised concerns that GE Vernova’s AI/data-center upside may be more limited than bulls expect, pointing to physical constraints and project delays that could temper enthusiasm. GE Vernova: Physical Limitations Put A Harsh Ceiling On The AI Upside
• Negative Sentiment: Another piece questioned whether a turbine milestone will translate into stronger cash flow and dividend potential, which may weigh on valuation if investors focus on capital returns. GE Vernova Turbine Milestone Raises Questions On Cash Flows And Dividends

Wall Street Analyst Weigh In

GEV has been the subject of a number of recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of GE Vernova in a report on Thursday, January 29th. Guggenheim upped their price target on shares of GE Vernova from $910.00 to $1,300.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Argus set a $1,300.00 price target on shares of GE Vernova in a report on Monday, April 27th. BNP Paribas Exane downgraded shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price target for the company. in a report on Monday, April 27th. Finally, Zacks Research cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. 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’s stock. According to MarketBeat, GE Vernova 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.