IFP Advisors Inc increased its stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 12.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,840 shares of the company’s stock after purchasing an additional 756 shares during the quarter. IFP Advisors Inc’s holdings in GE Vernova were worth $8,036,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Parvin Asset Management LLC acquired a new position in shares of GE Vernova during the second quarter worth about $32,000. Pingora Partners LLC purchased a new stake in shares of GE Vernova during the second quarter worth approximately $36,000. Manning & Napier Advisors LLC raised its holdings in GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after acquiring an additional 13 shares in the last quarter. IMG Wealth Management Inc. acquired a new stake in GE Vernova in the second quarter valued at approximately $39,000. Finally, Miller Global Investments LLC raised its holdings in GE Vernova by 63.6% in the second quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock valued at $42,000 after acquiring an additional 14 shares in the last quarter.
GE Vernova Price Performance
GEV stock opened at $951.90 on Thursday. The business has a 50 day moving average price of $1,006.09 and a 200 day moving average price of $982.37. The stock has a market cap of $253.52 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 4.52 and a beta of 1.15. GE Vernova Inc. has a fifty-two week low of $530.16 and a fifty-two week high of $1,195.94. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21.
Key Headlines Impacting GE Vernova
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: Analysts maintain a consensus rating of “Moderate Buy” on GE Vernova, indicating that Wall Street generally remains constructive on the company’s long-term earnings and power-generation outlook. GE Vernova Inc. Given Consensus Rating of Moderate Buy by Analysts
- Positive Sentiment: GE Vernova continues to benefit from investor interest in rising electricity demand from artificial-intelligence data centers. Its established industrial business is viewed as a less speculative way to participate in the power-infrastructure buildout than early-stage nuclear developers. Jim Cramer Weighs In on GE Vernova and NuScale Power
- Positive Sentiment: Recent commentary identifies GE Vernova as one of the stocks that may be positioned to perform relatively well in a higher-rate environment, reflecting expectations that its potential returns and demand outlook can offset higher financing costs. The stock has also outperformed the Dow over the past year. 3 Stocks Built for Higher Rates—and 2 That Could Break Is GE Vernova Stock Outperforming the Dow?
- Neutral Sentiment: Coverage of the nuclear renaissance highlights opportunities for companies that supply adjacent infrastructure and equipment, potentially supporting GE Vernova’s broader power-generation exposure, although the article does not announce a new contract or financial impact for the company. Construction Firms Powering the Nuclear Renaissance
- Negative Sentiment: GE Vernova’s stock fell more than the general market in the latest session, suggesting broad risk-off trading or profit-taking weighed on the shares. Commentary also continues to flag losses in the wind business, a potential drag on sentiment despite strength in other operations. GE Vernova Suffers a Larger Drop Than the General Market Jim Cramer Weighs In on GE Vernova and NuScale Power
Analyst Upgrades and Downgrades
Several research analysts have commented on GEV shares. Jefferies Financial Group reiterated a “buy” rating on shares of GE Vernova in a report on Monday, July 27th. Royal Bank Of Canada raised their price objective on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Guggenheim lifted their price objective on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Oppenheimer lifted their price objective on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, William Blair reiterated an “outperform” rating on shares of GE Vernova in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus target price of $1,155.28.
View Our Latest Stock Report on GE Vernova
GE Vernova Profile
GE Vernova Inc (NYSE: GEV) is an energy technology company that provides equipment, software and services for electricity generation, transmission and distribution. Its portfolio is designed to support power systems across a range of energy sources, including natural gas, nuclear, hydroelectric, wind and solar power, as well as battery storage.
The company operates through three primary businesses: Power, Wind and Electrification. Power supplies gas and steam turbines, generators, nuclear power technologies, hydroelectric equipment and related maintenance services.
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