Banco BTG Pactual S.A. Has $4.58 Million Holdings in GE Vernova Inc. $GEV

Banco BTG Pactual S.A. lifted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 1,228.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,000 shares of the company’s stock after buying an additional 6,473 shares during the period. Banco BTG Pactual S.A.’s holdings in GE Vernova were worth $4,575,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Great Valley Advisor Group Inc. boosted its position in shares of GE Vernova by 49.1% during the fourth quarter. Great Valley Advisor Group Inc. now owns 8,837 shares of the company’s stock valued at $5,775,000 after buying an additional 2,911 shares during the last quarter. Kovack Advisors Inc. boosted its position in GE Vernova by 39.7% in the fourth quarter. Kovack Advisors Inc. now owns 5,237 shares of the company’s stock worth $3,423,000 after purchasing an additional 1,489 shares during the last quarter. Sepio Capital LP purchased a new position in GE Vernova in the fourth quarter worth $284,000. Meiji Yasuda America Inc purchased a new position in GE Vernova in the fourth quarter worth $4,275,000. Finally, Nuveen LLC boosted its position in GE Vernova by 22.4% in the fourth quarter. Nuveen LLC now owns 2,021,010 shares of the company’s stock worth $1,320,872,000 after purchasing an additional 370,364 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GEV. Citigroup boosted their price objective on GE Vernova from $779.00 to $1,110.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. JPMorgan Chase & Co. boosted their price objective 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. Weiss Ratings upgraded GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Erste Group Bank upgraded GE Vernova to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, BMO Capital Markets boosted their target price on GE Vernova from $1,110.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,085.16.

GE Vernova Price Performance

GEV opened at $904.16 on Friday. The stock’s 50 day simple moving average is $1,007.95 and its 200 day simple moving average is $830.97. 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 Inc. has a 1 year low of $474.21 and a 1 year high of $1,181.95. The firm has a market cap of $242.97 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 3.21 and a beta of 1.23.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping the consensus estimate of $1.95 by $15.49. The business had revenue of $9.34 billion during the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The business’s revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. As a group, analysts predict that GE Vernova Inc. will post 14.99 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be paid a $0.50 dividend. 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 payout ratio is currently 5.83%.

Key GE Vernova News

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

• Positive Sentiment: Erste Group Bank lifted its FY2027 earnings estimate for GE Vernova and kept a Strong-Buy rating, reinforcing optimism around future earnings growth.
• Positive Sentiment: A Benzinga report highlighted GE Vernova as a potential beneficiary of the U.S. Department of Energy’s new fusion-energy timeline, which could improve sentiment toward the company’s exposure to advanced energy infrastructure. Article Title
• Neutral Sentiment: Broader market headlines referenced energy-related moves and geopolitical risk, but these were not specific to GE Vernova’s fundamentals.
• Negative Sentiment: Recent market coverage also noted that GE Vernova had seen a short-term dip versus the broader market, suggesting some volatility may still be present. Article Title

Insider Buying and Selling at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of the business’s stock in a transaction on Monday, June 1st. The stock was 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 in the company, valued at $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. This trade represents a 39.66% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by insiders.

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.