California Public Employees Retirement System Sells 16,952 Shares of GE Vernova Inc. $GEV

California Public Employees Retirement System decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 3.6% in the 1st quarter, Holdings Channel reports. The firm owned 455,866 shares of the company’s stock after selling 16,952 shares during the period. California Public Employees Retirement System’s holdings in GE Vernova were worth $397,925,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Ceera Investments LLC purchased a new position in GE Vernova in the 1st quarter worth approximately $216,000. Quadrant Private Wealth Management LLC increased its holdings in shares of GE Vernova by 4.0% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 4,102 shares of the company’s stock worth $3,582,000 after buying an additional 158 shares during the last quarter. Heartland Bank & Trust Co raised its position in shares of GE Vernova by 2.8% during the 1st quarter. Heartland Bank & Trust Co now owns 986 shares of the company’s stock valued at $861,000 after buying an additional 27 shares in the last quarter. Atlas Wealth LLC raised its position in shares of GE Vernova by 13,186.5% during the 1st quarter. Atlas Wealth LLC now owns 76,796 shares of the company’s stock valued at $67,035,000 after buying an additional 76,218 shares in the last quarter. Finally, Frontier Asset Management LLC bought a new stake in shares of GE Vernova during the 1st quarter worth $1,004,000.

GE Vernova Price Performance

GEV stock opened at $1,058.44 on Friday. The firm has a market cap of $284.42 billion, a P/E ratio of 30.83, a P/E/G ratio of 3.82 and a beta of 1.09. The firm’s fifty day moving average is $1,037.54 and its 200 day moving average is $908.87. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. 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 (NYSE:GEV) last posted its quarterly earnings results 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. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The business had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. Research analysts predict that GE Vernova Inc. will post 15.06 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th were issued a $0.50 dividend. The ex-dividend date was 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%.

Insider Transactions at GE Vernova

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s stock in a transaction that occurred on 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 directly owned 3,549 shares in the company, valued at $3,758,710.41. This trade represents a 39.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction that occurred 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 directly 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.

Analyst Ratings Changes

A number of research analysts recently commented on GEV shares. Erste Group Bank raised GE Vernova to a “strong-buy” rating in a research note on Tuesday, March 24th. Sanford C. Bernstein started coverage on GE Vernova in a research note on Tuesday, June 16th. They set an “outperform” rating and a $1,206.00 price target for the company. Argus set a $1,300.00 price objective on GE Vernova in a report on Monday, April 27th. Citigroup increased their price objective on GE Vernova from $779.00 to $1,110.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Finally, Weiss Ratings raised GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Three investment 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’s stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,089.88.

More GE Vernova News

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

• Positive Sentiment: Erste Group Bank raised its FY2027 EPS estimate for GE Vernova and kept a Strong-Buy rating, reinforcing the view that earnings could keep growing over the next few years.
• Positive Sentiment: Bernstein recently initiated coverage with an Outperform rating and a $1,206 price target, citing GE Vernova’s position to benefit from global energy trends and power demand from AI data centers. Article Title
• Positive Sentiment: Investors are focusing on the company’s large backlog, raised revenue and free cash flow guidance, and major investment plan of $11 billion in capex and R&D through 2028, which signals confidence in long-term demand. Article Title
• Neutral Sentiment: GE Vernova is also benefiting from broader market interest in AI and energy infrastructure stocks, especially with major catalysts like Google’s earnings and capex guidance potentially influencing the whole sector. Article Title
• Neutral Sentiment: Recent articles also show investors heavily searching the stock, suggesting strong attention ahead of earnings, though not necessarily a new fundamental catalyst. Article Title
• Negative Sentiment: One recent note highlighted conflicting analyst views on GE Vernova, which may temper enthusiasm if investors become more cautious into earnings. Article Title

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.