Azimuth Capital Investment Management LLC Increases Stock Holdings in GE Vernova Inc. $GEV

Key Points

• Azimuth Capital increased its GE Vernova stake by 44% in the second quarter, bringing its holdings to 33,052 shares valued at approximately $38.8 million.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $1,155.28, though one firm downgraded the stock to “hold.”
• GE Vernova reported strong 21.9% year-over-year revenue growth, but its quarterly EPS of $2.47 missed estimates. Growth prospects include renewable-energy, grid-repair and nuclear projects, while analysts continue to question margin conversion and earnings upside.

Azimuth Capital Investment Management LLC grew its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 44.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,052 shares of the company's stock after buying an additional 10,096 shares during the quarter. GE Vernova comprises 1.3% of Azimuth Capital Investment Management LLC's holdings, making the stock its 9th biggest position. Azimuth Capital Investment Management LLC's holdings in GE Vernova were worth $38,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Unique Wealth LLC acquired a new position in shares of GE Vernova during the 2nd quarter valued at $207,000. Schuylkill Financial LLC bought a new position in GE Vernova during the second quarter valued at about $1,209,000. NI Acquisitions Company LLC bought a new position in GE Vernova during the second quarter valued at about $122,000. NBH Bank bought a new stake in GE Vernova in the second quarter worth about $563,000. Finally, AlphaGrep UK Ltd raised its position in GE Vernova by 12.0% in the second quarter. AlphaGrep UK Ltd now owns 841 shares of the company's stock worth $988,000 after acquiring an additional 90 shares in the last quarter.

GE Vernova News Summary

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

• Positive Sentiment: GE Vernova signed an agreement to supply wind turbines for ESB’s Chleansaid wind farm in Scotland, adding to its renewable-energy order pipeline and reinforcing demand for its equipment. GE Vernova signs agreement to supply turbines for ESB wind farm in Scotland
• Positive Sentiment: A deal with Venezuela is expected to help stabilize the country’s deteriorating power grid within six to 12 months. The project could create equipment, services and maintenance opportunities while expanding GE Vernova’s international presence. Market Chatter: GE Vernova Deal Aims to Stabilize Venezuela Power Grid
• Positive Sentiment: GE Vernova is participating with Studsvik, GE Vernova Hitachi and Samsung C&T in advancing a Swedish nuclear-power project. Nuclear demand is attracting investor attention as data centers and AI require reliable, low-carbon electricity. Companies advance Swedish nuclear power project
• Positive Sentiment: An investor analysis highlighted GE Vernova’s 116 gigawatts of gas-turbine equipment in backlog and slot reservations, with at least 125 gigawatts expected under contract by year-end. Capacity expansion and recurring service revenue support the long-term growth case. GE Vernova company overview
• Neutral Sentiment: GE Vernova recently outperformed the broader market in a session, reflecting enthusiasm over Venezuela grid-repair plans and the company’s exposure to AI-related power demand. However, the move followed volatility since June as investors reassessed the sustainability of the AI infrastructure boom. GE Vernova outperforms the stock market
• Negative Sentiment: Erste Group Bank lowered its fiscal 2027 EPS forecast, while analysts continue to question whether GE Vernova can convert its substantial orders into higher margins. Those concerns may limit upside after the stock’s strong longer-term rally. GE Vernova FY2027 EPS forecast decreased

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GEV. 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 research report on Thursday, July 23rd. Mizuho lifted their price target on shares of GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Guggenheim increased their price objective on GE Vernova from $1,300.00 to $1,450.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Wall Street Zen lowered GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, TD Cowen increased their price target 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. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $1,155.28.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $943.58 on Friday. The company's fifty day moving average is $1,016.92 and its two-hundred day moving average is $978.34. The company has a market cap of $251.30 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 4.38 and a beta of 1.15. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month 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.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business's quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the business earned $1.86 EPS. Equities analysts expect that GE Vernova Inc. will post 15.36 earnings per share for the current fiscal year.

GE Vernova 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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