Northwestern Mutual Wealth Management Co. boosted its holdings in GE Vernova Inc. (NYSE:GEV – Free Report) by 17.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,845 shares of the company’s stock after purchasing an additional 7,275 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in GE Vernova were worth $57,387,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in GEV. Van Den Berg Management I Inc. bought a new position in GE Vernova during the second quarter valued at about $227,000. Wedbush Securities Inc. raised its position in GE Vernova by 1.9% in the second quarter. Wedbush Securities Inc. now owns 12,630 shares of the company’s stock worth $14,838,000 after acquiring an additional 236 shares during the period. Hennessy Advisors Inc. purchased a new position in GE Vernova in the second quarter valued at about $680,000. Spinnaker Trust boosted its stake in GE Vernova by 0.9% in the second quarter. Spinnaker Trust now owns 2,210 shares of the company’s stock valued at $2,596,000 after acquiring an additional 20 shares during the last quarter. Finally, Greenleaf Trust grew its position in shares of GE Vernova by 2.0% during the 2nd quarter. Greenleaf Trust now owns 5,663 shares of the company’s stock valued at $6,653,000 after acquiring an additional 113 shares during the period.
Key GE Vernova News
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: GE Vernova’s diversified portfolio is helping offset a roughly 40% decline in its wind business. The company’s gas-power, grid and electrification operations are benefiting from rising electricity demand and AI-related data-center investment, supporting the case for holding the stock despite weakness in wind. I Wouldn’t Sell GE Vernova, Even After the Wind Business Fell 40%
- Positive Sentiment: GE Vernova is reportedly among the companies nearing final agreements for energy projects in Venezuela. Greater access for foreign operators could create opportunities for power-generation equipment and services, though execution and geopolitical risks remain. Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela
- Positive Sentiment: The global steam-turbine aftermarket is projected to grow from $12.5 billion in 2025 to $16.02 billion by 2031 as aging power fleets require maintenance and life-extension upgrades. This industry trend could support GE Vernova’s services and aftermarket businesses. Global Steam Turbine Aftermarket Market to Reach USD 16.02 Billion by 2031
GE Vernova Price Performance
GE Vernova (NYSE:GEV – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, equities research analysts forecast that GE Vernova Inc. will post 15.46 EPS for the current year.
Analysts Set New Price Targets
GEV has been the topic of a number of research reports. Sanford C. Bernstein lifted their price target on shares of GE Vernova from $1,206.00 to $1,298.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. William Blair reissued an “outperform” rating on shares of GE Vernova in a report on Monday, August 3rd. Morgan Stanley lowered GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Oppenheimer increased their price target on GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen lowered GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Two equities research 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,133.15.
View Our Latest Stock Report on GEV
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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