WNY Asset Management LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 614 shares of the company’s stock, valued at approximately $721,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cornerstone Financial Management LLC bought a new stake in GE Vernova in the fourth quarter valued at $25,000. Wealth Watch Advisors INC acquired a new position in GE Vernova during the 3rd quarter valued at about $25,000. Torren Management LLC acquired a new position in GE Vernova during the 4th quarter valued at about $26,000. Manning & Napier Advisors LLC grew its position in 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 during the last quarter. Finally, Navalign LLC bought a new position in GE Vernova in the 4th quarter worth about $27,000.
Insiders Place Their Bets
In other news, CEO Victor Abate sold 4,819 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on GEV
Key GE Vernova News
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: HVDC joint venture expands growth prospects: GE Vernova announced a partnership with South Korea’s LS Electric to pursue voltage-source-converter HVDC projects. The venture could strengthen GEV’s position in a fast-growing market driven by grid modernization, renewable-power integration and rising electricity demand. GE Vernova’s New JV Could Unlock its Next Big Growth Engine
- Positive Sentiment: New U.K. grid contract adds backlog: GE Vernova was selected to supply a 400-kilovolt gas-insulated switchgear substation in Chesterfield, England, as part of National Grid’s Great Grid Upgrade. The award reinforces demand for GEV’s transmission equipment and exposure to long-term grid investment. GE Vernova secures 400 kV substation contract for UK grid upgrade
- Positive Sentiment: Demand outlook remains constructive: Recent coverage argues that GE Vernova’s businesses may be sold out through 2030, while AI-related data-center electricity demand and broader power shortages could support future orders. These themes bolster the long-term growth case, although they are largely forward-looking. GE Vernova: Sold Out Through 2030 Can AI Power Demand Drive Growth?
- Neutral Sentiment: Positive media commentary offers limited direct support: Jim Cramer continues to view GEV favorably because of its nuclear exposure and delivery visibility, but the commentary does not represent a change in earnings guidance or fundamentals. GE Vernova Isn’t A Great Short, Jim Cramer Said
- Negative Sentiment: CFO succession creates near-term uncertainty: GE Vernova’s announcement of a CFO transition may prompt investors to seek clarity on financial controls, capital allocation and execution. The move also coincided with Rivian’s CFO departing to join GEV, highlighting the leadership change but not necessarily signaling an operational problem. GE Vernova Announces CFO Transition and Leadership Succession
GE Vernova Stock Down 4.4%
GEV opened at $912.32 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The company has a market capitalization of $242.98 billion, a PE ratio of 26.11, a P/E/G ratio of 3.28 and a beta of 1.21. The stock’s fifty day moving average is $1,031.82 and its 200-day moving average is $974.36. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94.
GE Vernova (NYSE:GEV – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). The firm had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 EPS. On average, equities analysts predict that GE Vernova Inc. will post 15.46 EPS for the current fiscal year.
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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