Barometer Capital Management Inc. Trims Stock Position in GE Vernova Inc. $GEV

Barometer Capital Management Inc. trimmed its position in GE Vernova Inc. (NYSE:GEV) by 65.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,050 shares of the company’s stock after selling 9,449 shares during the quarter. GE Vernova comprises 1.8% of Barometer Capital Management Inc.’s investment portfolio, making the stock its 17th biggest position. Barometer Capital Management Inc.’s holdings in GE Vernova were worth $4,408,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Auto Owners Insurance Co grew its position in GE Vernova by 110,973.4% in the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock worth $2,278,224,000 after acquiring an additional 34,826,773 shares during the period. Norges Bank purchased a new stake in GE Vernova in the fourth quarter valued at $2,283,114,000. Northwestern Mutual Wealth Management Co. raised its position in GE Vernova by 5,171.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company’s stock valued at $1,603,114,000 after purchasing an additional 2,406,326 shares during the period. Corient Private Wealth LLC lifted its stake in shares of GE Vernova by 2,802.8% in the 4th quarter. Corient Private Wealth LLC now owns 1,608,714 shares of the company’s stock valued at $1,051,407,000 after purchasing an additional 1,553,295 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of GE Vernova by 12.8% in the 4th quarter. Morgan Stanley now owns 6,054,474 shares of the company’s stock valued at $3,957,024,000 after purchasing an additional 685,466 shares during the last quarter.

Insider Activity

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Victor Abate sold 4,819 shares of the business’s 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

Key GE Vernova News

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

• Positive Sentiment: Investors are bullish on GE Vernova’s role in powering AI data centers and the broader electrification buildout, with multiple reports highlighting strong demand for turbines and grid equipment. AI Data Centers Need Power, and These 2 Industrials Are Cashing In
• Positive Sentiment: Several articles say GE Vernova heads into earnings with a robust backlog, including sold-out gas turbine capacity and bookings extending into 2027, which supports near-term revenue visibility. GE Vernova: The Hidden AI Play That Has Few Growth Headwinds
• Positive Sentiment: Wall Street coverage remains constructive, with brokerages assigning an average “Moderate Buy” rating, and commentary suggesting analysts still see upside despite the stock’s strong run. GE Vernova Inc. Receives Average Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Investors are also focused on analyst estimates and key operating metrics for the upcoming quarter, as the company’s valuation has climbed sharply and markets want confirmation that growth is keeping pace.
• Neutral Sentiment: Several pieces debate whether GE Vernova still deserves a premium valuation after a huge run, suggesting the stock may remain volatile around earnings as expectations are now high.
• Negative Sentiment: The biggest near-term risk is earnings disappointment: with shares already up sharply over the past year, any miss on margins, orders, or backlog commentary could pressure the stock if management does not reinforce the growth story.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. 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 research report on Tuesday, March 31st. Wall Street Zen raised shares of GE Vernova from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Robert W. Baird increased their target price on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Guggenheim lifted their price target on shares of GE Vernova from $910.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, TD Cowen lifted their price target on shares of GE Vernova from $780.00 to $1,220.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and a consensus target price of $1,089.88.

GE Vernova Trading Down 0.4%

GEV opened at $1,075.19 on Wednesday. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $1,037.70 and a 200-day simple moving average of $916.52. The firm has a market cap of $288.92 billion, a P/E ratio of 31.32, a P/E/G ratio of 3.98 and a beta of 1.09.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data 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 firm had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, equities analysts expect that GE Vernova Inc. will post 15.06 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently announced 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, June 16th. GE Vernova’s dividend payout ratio (DPR) is 5.83%.

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.