GE Vernova Inc. $GEV Position Decreased by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 43.4% in the first quarter, HoldingsChannel reports. The fund owned 18,290 shares of the company’s stock after selling 14,027 shares during the quarter. GE Vernova makes up about 2.3% of Sierra Summit Advisors LLC’s portfolio, making the stock its 10th largest holding. Sierra Summit Advisors LLC’s holdings in GE Vernova were worth $15,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of GEV. Torren Management LLC purchased a new position in GE Vernova during the fourth quarter valued at $26,000. Cornerstone Financial Management LLC purchased a new stake in GE Vernova in the fourth quarter worth about $25,000. Wealth Watch Advisors INC bought a new position in shares of GE Vernova in the third quarter worth about $25,000. ORG Wealth Partners LLC raised its stake in shares of GE Vernova by 241.7% in the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after buying an additional 29 shares during the period. Finally, Navalign LLC bought a new position in shares of GE Vernova in the fourth quarter worth about $27,000.

GE Vernova News Roundup

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

Insider Activity at GE Vernova

In related news, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer owned 1,835 shares in the company, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s 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 transaction, the chief accounting officer directly owned 3,549 shares of the company’s stock, valued at $3,758,710.41. The trade was a 39.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $1,328.00 price objective on shares of GE Vernova in a research note on Friday, April 24th. Weiss Ratings raised shares of GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Citigroup lifted their price target on shares of GE Vernova from $779.00 to $1,110.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Royal Bank Of Canada increased their price objective on shares of GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Finally, Argus set a $1,300.00 price objective on shares of 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 assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $1,089.88.

GE Vernova Stock Performance

NYSE:GEV opened at $1,113.43 on Friday. 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 $506.02 and a 12-month high of $1,181.95. The stock has a 50-day moving average price of $1,042.29 and a 200 day moving average price of $878.33. The stock has a market capitalization of $299.20 billion, a P/E ratio of 32.43, a P/E/G ratio of 3.76 and a beta of 1.09.

GE Vernova (NYSE:GEV) last issued its 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 return on equity of 43.97% and a net margin of 23.81%.The company had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter last year, the company earned $0.91 EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. Equities research analysts forecast that GE Vernova Inc. will post 16.77 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business 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 (DPR) is presently 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.