GE Vernova Inc. $GEV Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 18.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 487,847 shares of the company’s stock after acquiring an additional 75,231 shares during the period. Envestnet Asset Management Inc.’s holdings in GE Vernova were worth $573,152,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. State Street Corp raised its holdings in shares of GE Vernova by 3.3% during the second quarter. State Street Corp now owns 11,765,340 shares of the company’s stock valued at $13,828,380,000 after buying an additional 370,842 shares during the last quarter. Silicon Valley Capital Partners grew its holdings in GE Vernova by 2,636.9% in the 2nd quarter. Silicon Valley Capital Partners now owns 11,057 shares of the company’s stock worth $12,991,000 after buying an additional 10,653 shares in the last quarter. Security National Bank of SO Dak acquired a new stake in GE Vernova in the 2nd quarter valued at approximately $52,000. Security National Bank of Sioux City Iowa IA acquired a new stake in GE Vernova in the 2nd quarter valued at approximately $74,000. Finally, Anchor Investment Management LLC increased its position in GE Vernova by 31.0% in the 2nd quarter. Anchor Investment Management LLC now owns 2,109 shares of the company’s stock valued at $2,478,000 after acquiring an additional 499 shares during the period.

GE Vernova Price Performance

NYSE GEV traded up $0.31 on Wednesday, reaching $950.59. 1,676,846 shares of the stock traded hands, compared to its average volume of 2,690,340. 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 cap of $253.17 billion, a price-to-earnings ratio of 27.21, a P/E/G ratio of 4.40 and a beta of 1.15. The firm’s fifty day simple moving average is $976.39 and its 200 day simple moving average is $986.56. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.86 EPS. As a group, research analysts predict that GE Vernova Inc. will post 15.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Oppenheimer boosted their price target on 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. BMO Capital Markets reissued an “outperform” rating on shares of GE Vernova in a report on Friday, August 7th. TD Cowen lifted their price objective on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a report on Monday, August 3rd. Finally, The Goldman Sachs Group upgraded shares of GE Vernova from a “buy” rating to a “market outperform” rating in a research report on Monday, September 14th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,145.83.

Key Stories Impacting GE Vernova

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: GE Vernova signed an agreement to provide Rotor Life Extension services for five 9F gas turbines at three Egyptian power plants. The deal should support recurring services revenue, extend the company’s installed-base relationship and demonstrate demand for its aftermarket offerings. GE Vernova Signs Services Deal for Five Gas Turbines in Egypt
• Positive Sentiment: CEO Scott Strazik said GE Vernova is positioning itself to meet unprecedented electricity demand from AI and data centers. Comments about international opportunities, including Venezuela’s power infrastructure and Ukraine’s nuclear assets, add potential long-term growth avenues. GE Vernova CEO on Energy Demand and Economic Stability
• Positive Sentiment: GE Vernova, Hitachi and Samsung C&T signed a memorandum of understanding to advance deployment of GE Vernova’s BWRX-300 small modular reactors in Europe. Although not a firm order, the agreement strengthens the company’s nuclear-growth narrative. BWRX-300 Fleet Deployment MoU
• Positive Sentiment: Recent coverage highlighted management’s target of reaching a $200 billion backlog in very early 2027, following backlog growth to approximately $176 billion. A largely sold-out position through 2030 could improve revenue visibility and provide a powerful catalyst if execution remains on track. GE Vernova Backlog Target
• Neutral Sentiment: The investment case remains attractive to some analysts because of AI-related power demand and GE Vernova’s backlog, but shares trade at a high valuation. The company’s latest quarterly earnings also fell short of consensus despite strong revenue growth, creating a potential near-term risk if margins or execution disappoint. GE Vernova Stock Is Down From Its High

GE Vernova Company 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.