Whalen Wealth Management Inc. Grows Position in GE Vernova Inc. $GEV

Whalen Wealth Management Inc. grew its position in GE Vernova Inc. (NYSE:GEV – Free Report) by 132.2% during the second quarter, HoldingsChannel.com reports. The fund owned 2,807 shares of the company’s stock after acquiring an additional 1,598 shares during the quarter. GE Vernova comprises 1.5% of Whalen Wealth Management Inc.’s investment portfolio, making the stock its 13th biggest position. Whalen Wealth Management Inc.’s holdings in GE Vernova were worth $3,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Auto Owners Insurance Co raised its stake in GE Vernova by 110,973.4% during the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock valued at $2,278,224,000 after purchasing an additional 34,826,773 shares in the last quarter. BlackRock Inc. purchased a new position in shares of GE Vernova in the 2nd quarter worth $25,569,630,000. Norges Bank bought a new stake in shares of GE Vernova in the 4th quarter worth about $2,283,114,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of GE Vernova by 5,171.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company’s stock worth $1,603,114,000 after buying an additional 2,406,326 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of GE Vernova during the 2nd quarter valued at about $2,497,472,000.

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Key Headlines Impacting GE Vernova

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Guggenheim increased their price target on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Morgan Stanley downgraded GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Oppenheimer raised their price objective on GE Vernova from $1,303.00 to $1,338.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. TD Cowen lifted their target price on GE Vernova from $1,220.00 to $1,235.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada boosted their target price on GE Vernova from $1,195.00 to $1,225.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,133.15.

Check Out Our Latest Stock Analysis on GE Vernova

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $953.44 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The company has a market capitalization of $253.93 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.42 and a beta of 1.21. The firm’s 50-day moving average is $1,035.81 and its 200 day moving average is $974.80.

GE Vernova (NYSE:GEV – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.79 billion. During the same period in the previous year, the business earned $1.86 EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. Research analysts predict that GE Vernova Inc. will post 15.46 EPS for the current year.

Insider Buying and Selling at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of the 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 sale, the chief executive officer directly owned 1,835 shares in the company, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

About GE Vernova

(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.

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