Zions Bancorporation National Association UT increased its holdings in GE Vernova Inc. (NYSE:GEV – Free Report) by 225.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,959 shares of the company’s stock after acquiring an additional 2,742 shares during the quarter. Zions Bancorporation National Association UT’s holdings in GE Vernova were worth $4,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently bought and sold shares of GEV. Cornerstone Financial Management LLC purchased a new stake in GE Vernova in the fourth quarter worth about $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. Manning & Napier Advisors LLC boosted its position in shares of 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 purchasing an additional 13 shares in the last quarter. Finally, Navalign LLC bought a new stake in shares of GE Vernova in the 4th quarter worth approximately $27,000.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. BNP Paribas Exane lowered GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price objective for the company. in a research report on Monday, April 27th. Morgan Stanley downgraded GE Vernova from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Barclays increased their target price on GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. William Blair restated an “outperform” rating on shares of GE Vernova in a report on Monday, August 3rd. Finally, TD Cowen upped their price target on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,133.15.
Insider Transactions at GE Vernova
In related news, CEO Victor Abate sold 4,819 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were 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 in the company, valued at approximately $1,739,726.80. This trade represents a 72.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.
GE Vernova Stock Down 6.8%
GEV stock opened at $1,005.97 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. The stock has a market capitalization of $267.92 billion, a P/E ratio of 28.79, a P/E/G ratio of 3.79 and a beta of 1.21. The business has a fifty day moving average price of $1,038.75 and a 200-day moving average price of $964.62. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94.
GE Vernova (NYSE:GEV – Get Free Report) last announced its quarterly earnings results 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 analysts’ expectations of $10.79 billion. During the same period in the previous year, the business earned $1.86 EPS. The business’s revenue was up 21.9% compared to the same quarter last year. Equities analysts forecast that GE Vernova Inc. will post 15.57 earnings per share for the current fiscal year.
Key Stories Impacting GE Vernova
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: GE Vernova’s backlog reportedly reached $176 billion, while rising orders for power-generation and grid technologies point to strong demand and improved revenue visibility. The company’s nuclear-related AI deal also reinforced the investment case tied to surging electricity demand. GE Vernova backlog and nuclear AI deal
- Positive Sentiment: GE Vernova is leading an ARPA-E project with SHINE to modernize tracking of spent nuclear fuel during recycling. Although the project is unlikely to materially affect near-term earnings, it strengthens the company’s positioning in advanced nuclear infrastructure and fuel-cycle technology. SHINE joins GE Vernova-led ARPA-E project
- Neutral Sentiment: GE Vernova’s wind business reportedly declined 40%, but commentary characterized the weakness as a vulnerable segment rather than an immediate threat, given the strength of the company’s gas-turbine and broader power businesses. GE Vernova wind business analysis
- Negative Sentiment: A Wall Street Journal report about potentially hidden debt among hyperscalers, combined with a 19-year high in Treasury yields, triggered a sharp risk-off move across AI-power and data-center infrastructure stocks. Investors are reassessing whether customers can finance planned projects and whether higher rates will pressure the sector’s valuations. Behind-the-meter energy stocks fall
About GE Vernova
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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