Aberdeen Group plc Has $44.24 Million Stock Position in GE Vernova Inc. $GEV

Key Points

• Aberdeen Group plc cut its GE Vernova stake by 67.7% in the second quarter, selling 79,070 shares and retaining 37,659 shares valued at approximately $44.24 million.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $1,133.15, despite GE Vernova’s quarterly EPS of $2.47 missing estimates; revenue rose 21.9% year over year to $11.10 billion.
• GE Vernova shares opened at $1,005.97 after falling 6.8%, while CEO Victor Abate sold 4,819 shares for about $4.57 million. Investors are also weighing strong backlog and power demand against weakness in wind and broader interest-rate concerns.

Aberdeen Group plc cut its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 67.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,659 shares of the company's stock after selling 79,070 shares during the period. Aberdeen Group plc's holdings in GE Vernova were worth $44,244,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Manning & Napier Advisors LLC increased its holdings 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 in the last quarter. Miller Global Investments LLC raised its stake in shares of GE Vernova by 63.6% during 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 during the last quarter. Torren Management LLC acquired a new position in shares of GE Vernova during the fourth quarter worth $26,000. Cornerstone Financial Management LLC acquired a new position in shares of GE Vernova during the fourth quarter worth $25,000. Finally, Wealth Watch Advisors INC acquired a new stake in shares of GE Vernova in the third quarter valued at about $25,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GEV. Argus set a $1,300.00 target price on GE Vernova in a report on Monday, April 27th. TD Cowen upped their target price on GE Vernova from $1,220.00 to $1,235.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Barclays lifted their price objective on shares of GE Vernova from $993.00 to $1,250.00 and gave the company an "overweight" rating in a research note on Thursday, April 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of GE Vernova in a research report on Monday, July 27th. Finally, Mizuho upped their price target on GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, GE Vernova has an average rating of "Moderate Buy" and a consensus target price of $1,133.15.

GE Vernova Stock Down 6.8%

Shares of NYSE:GEV opened at $1,005.97 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The business's 50 day moving average is $1,038.75 and its 200 day moving average is $964.62. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94. The stock has a market cap of $267.92 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 3.79 and a beta of 1.21.

GE Vernova (NYSE:GEV - Get Free Report) last posted 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 return on equity of 42.42% and a net margin of 23.03%.The firm had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.79 billion. During the same period in the prior year, the firm earned $1.86 earnings per share. GE Vernova's revenue was up 21.9% compared to the same quarter last year. On average, sell-side analysts forecast that GE Vernova Inc. will post 15.57 earnings per share for the current fiscal year.

Trending Headlines about 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

Insider Activity at GE Vernova

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction that occurred on 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 transaction, the chief executive officer owned 1,835 shares of the company's stock, valued at $1,739,726.80. This trade represents a 72.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

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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