Key Points
- GE Vernova CEO Victor Abate sold 4,819 shares on June 1 at an average price of $948.08, totaling about $4.57 million. After the transaction, he still held 1,835 shares, and the sale reduced his position by 72.42%.
- The stock was trading down about 1.1%, opening at $959.30, while remaining well above its 12-month low of $458.65 and below its 12-month high of $1,181.95. GE Vernova’s market cap is about $257.78 billion.
- Despite the insider sale, the company recently posted strong quarterly results, with EPS of $17.44 versus $1.95 expected and revenue of $9.34 billion, up 17% year over year. Analysts remain broadly positive, with an average rating of Moderate Buy and an average target price of $1,090.76.
GE Vernova Inc. (NYSE:GEV - Get Free Report) 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 sale, the chief executive officer owned 1,835 shares of the company's stock, valued at approximately $1,739,726.80. The trade was a 72.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
GE Vernova Trading Down 1.1%
NYSE GEV opened at $959.30 on Thursday. GE Vernova Inc. has a 12 month low of $458.65 and a 12 month high of $1,181.95. The stock has a 50-day simple moving average of $1,002.41 and a 200 day simple moving average of $816.16. The company has a market capitalization of $257.78 billion, a PE ratio of 27.94, a P/E/G ratio of 3.63 and a beta of 1.23. 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 (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 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 during the quarter, compared to analysts' expectations of $9.19 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. The business's quarterly revenue was up 17.0% compared to the same quarter last year. Research analysts forecast that GE Vernova Inc. will post 14.84 EPS for the current year.
GE Vernova Announces Dividend
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 dividend payout ratio (DPR) is presently 5.83%.
Institutional Trading of GE Vernova
Several large investors have recently modified their holdings of GEV. Jackson Grant Investment Advisers Inc. grew its stake in shares of GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company's stock worth $25,000 after purchasing an additional 31 shares during the last quarter. Cornerstone Financial Management LLC purchased a new position in shares of GE Vernova during the fourth quarter valued at approximately $25,000. Wealth Watch Advisors INC purchased a new position in shares of GE Vernova during the third quarter valued at approximately $25,000. Torren Management LLC purchased a new position in shares of GE Vernova during the fourth quarter valued at approximately $26,000. Finally, Manning & Napier Advisors LLC raised its holdings in GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company's stock worth $26,000 after acquiring an additional 13 shares during the last quarter.
Wall Street Analyst Weigh In
GEV has been the topic of a number of analyst reports. Erste Group Bank upgraded GE Vernova to a "strong-buy" rating in a research report on Tuesday, March 24th. Oppenheimer set a $1,303.00 price objective on GE Vernova in a report on Thursday, April 23rd. Wells Fargo & Company boosted their price objective on GE Vernova from $831.00 to $896.00 and gave the stock an "overweight" rating in a report on Tuesday, March 31st. Guggenheim upped their target price on GE Vernova from $910.00 to $1,300.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Finally, Jefferies Financial Group upped their target price on GE Vernova from $965.00 to $1,350.00 and gave the company a "buy" rating in a report on Friday, April 24th. Two 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 stock. According to MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and an average target price of $1,090.76.
Get Our Latest Report on GEV
Trending Headlines about GE Vernova
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: GE Vernova is being highlighted as a beneficiary of the AI data-center buildout, with several recent articles pointing to stronger power demand, backlog growth, and more orders for gas turbines and grid-related equipment. Watch 3 AI-Powered Nuclear Energy OEMs Amid Double-Digit Price Upside
- Positive Sentiment: Analysts and market commentary continue to frame GEV as a long-term winner from global power demand, including a supply crunch in gas turbines that could support pricing and backlog. Can GE Vernova Benefit From the Global Gas Turbine Supply Crunch?
- Neutral Sentiment: Investors are paying close attention to GE Vernova after recent strong earnings, improving free cash flow, and a new acquisition tied to automation, but the company still faces wind, grid, tariff, and regulatory headwinds. Can GE Vernova (GEV) Power AI Data Center Demand While Managing Wind and Grid Headwinds?
- Neutral Sentiment: The stock is also getting extra attention from traders and investors on Zacks due to its recent momentum and visibility, which can increase volatility without changing the fundamental outlook by itself. GE Vernova Inc. (GEV) is Attracting Investor Attention: Here is What You Should Know
- Negative Sentiment: CEO Victor Abate sold 4,819 shares in a disclosed SEC filing, a transaction that can raise caution among investors even though it represents a small part of the company overall. SEC Form 4 filing
- Negative Sentiment: Mizuho Securities reportedly initiated or reiterated coverage with a Hold rating, which may be limiting enthusiasm and contributing to the stock’s softness. GE Vernova Inc. (GEV) Gets a Hold from Mizuho Securities
GE Vernova Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
