Legal & General Group Plc decreased its position in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,625,272 shares of the company’s stock after selling 138,459 shares during the quarter. Legal & General Group Plc owned about 0.61% of GE Vernova worth $1,909,467,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Cornerstone Financial Management LLC bought a new position in shares of GE Vernova during the fourth quarter worth $25,000. Wealth Watch Advisors INC bought a new stake in shares of GE Vernova in the 3rd quarter valued at $25,000. Torren Management LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at $26,000. Manning & Napier Advisors LLC raised its stake in GE Vernova by 68.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after buying an additional 13 shares during the period. Finally, Navalign LLC acquired a new stake in GE Vernova during the 4th quarter worth $27,000.
GE Vernova Trading Up 0.0%
Shares of NYSE:GEV opened at $953.44 on Friday. The firm has a market cap of $253.93 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.42 and a beta of 1.21. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The company’s fifty day simple moving average is $1,035.81 and its 200 day simple moving average is $974.80. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21.
Analysts Set New Price Targets
Several research analysts have weighed in on GEV shares. Guggenheim lifted their target price on GE Vernova from $1,300.00 to $1,450.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Sanford C. Bernstein increased their price target on GE Vernova from $1,206.00 to $1,298.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price target on GE Vernova from $1,302.00 to $1,330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Mizuho lifted their price objective on GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of GE Vernova in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,133.15.
View Our Latest Research Report on GEV
Insider Activity
In other news, 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 value of $4,568,797.52. Following the sale, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is owned by corporate insiders.
More GE Vernova News
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: HVDC joint venture expands growth opportunity: GE Vernova and South Korea’s LS Electric plan to launch a joint venture targeting the high-voltage direct-current market. HVDC equipment is important for long-distance power transmission and grid expansion, potentially strengthening GEV’s exposure to data-center, renewable-energy and electrification projects. GE Vernova, Korea’s LS Electric to launch joint venture targeting HVDC market
- Positive Sentiment: UK grid contract supports backlog: GE Vernova was selected by Laing O’Rourke to supply a 400-kilovolt gas-insulated switchgear substation in England. The project is part of National Grid’s Great Grid Upgrade, providing another example of demand for GEV’s grid equipment. Financial terms were not disclosed, so the immediate earnings impact is uncertain. GE Vernova secures 400 kV substation contract for UK grid upgrade
- Positive Sentiment: AI power demand remains a bullish theme: Analysts highlighted GEV’s orders and backlog as evidence that the company could benefit from electricity demand tied to AI data centers, grid modernization and broader electrification. Is GE Vernova Emerging as a Key Beneficiary of the AI Power Boom?
- Neutral Sentiment: CFO succession announced: GE Vernova disclosed a transition involving Chief Financial Officer Kenneth Par… and a leadership-succession plan. An orderly handoff could limit disruption, but investors may monitor execution and any changes to financial guidance. GE Vernova Announces CFO Transition and Leadership Succession
- Negative Sentiment: Data-center backlash is a risk: Jim Cramer warned that political and community opposition to data-center electricity consumption could slow projects and soften GE Vernova’s order book, challenging part of the company’s AI-related growth narrative. Jim Cramer Says GE Vernova Order Book Might Have Gotten Soft
GE Vernova Company Profile
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.
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