Assenagon Asset Management S.A. Adds $108M in GE Vernova Inc. ($GEV)

Assenagon Asset Management S.A. has significantly increased its investment in GE Vernova Inc. (NYSE:GEV). According to its latest Form 13F filing with the SEC, the fund added 95,946 shares, boosting its holdings by a remarkable 1,008.4%. The firm now holds 105,461 shares valued at approximately $114.7 million as of the reporting period.

What Changed in Assenagon Asset Management's GE Vernova Position

Assenagon Asset Management made a substantial move by increasing its stake in GE Vernova from 9,515 shares to 105,461 shares. This represents a 1,008.4% increase in its holdings, with the total reported value now standing at $114.7 million.

Other Institutional Activity in GE Vernova

Several other major funds have also adjusted their positions in GE Vernova. Vanguard Capital Management LLC opened a new position with 17,516,600 shares valued at about $15.3 billion. Meanwhile, JPMorgan Chase & Co added 408,532 shares, bringing its total to 6,752,963 shares, worth approximately $5.5 billion, reflecting a 6.4% increase. Conversely, FMR LLC reduced its stake by 3,154,981 shares, now holding 18,336,935 shares valued at $16 billion, a 14.7% decrease.

GE Vernova Inc. Stock Up 23.8%

Shares of GE Vernova traded around $1,087.98 on Friday. The company has a market capitalization of approximately $291.7 billion and a P/E ratio of 31.75. Its beta is 1.045, indicating moderate volatility compared to the market. The stock's 52-week range is between $482.20 and $1,181.95, with a 50-day moving average of $1,029.67 and a 200-day moving average of $782.37.

Recent Earnings

In its most recent earnings report, GE Vernova posted revenue of $39.37 billion, reflecting a growth rate of 16.3%. The company achieved a net margin of 23.8% and a return on equity of 75.7%. Its earnings per share (EPS) came in at $34.19. The next earnings date is scheduled for July 22, 2026.

Dividend

GE Vernova offers an annual dividend rate of $2.00, yielding 0.18%. The dividend payout ratio is a low 5.11%, suggesting ample room for future increases.

Insider Buying and Selling at GE Vernova Inc.

Insider activity at GE Vernova saw Victor Abate, CEO of the Wind segment, selling 4,819 shares on June 1, 2026, at an average price of $948.08. Additionally, several insiders, including Paula Rosput Reynolds and Nicholas Akins, acquired 173 shares each on May 20, 2026.

Analysts Set New Price Targets

Analysts have been active in setting new price targets for GE Vernova. On June 17, 2026, Bernstein initiated coverage with a 'buy' rating and a target price of $1,206. Jefferies maintained a 'buy' rating with a target of $1,210 on June 11, 2026. The consensus among 34 analysts is a 'buy' recommendation, with an average target price of $1,211.72.

About GE Vernova

GE Vernova Inc. is a leading energy company headquartered in Cambridge, Massachusetts. It operates in the industrials sector, specifically in the specialty industrial machinery industry. The company provides a wide range of products and services for generating, transferring, and storing electricity worldwide, with significant operations across the United States, Europe, Asia, the Middle East, and Africa. Led by CEO Scott L. Strazik, GE Vernova employs around 78,000 people and focuses on power, wind, and electrification solutions.

Bottom Line

Assenagon Asset Management's significant increase in its stake in GE Vernova highlights the firm's confidence in the energy company's future. Investors often track these 13F filings to gauge institutional sentiment, though it's important to remember these filings reflect past positions. GE Vernova's solid fundamentals, along with positive analyst ratings, make it a company to watch in the energy sector.