Bank of America Corp DE Purchases Shares of 2,520,821 GE Vernova Inc. $GEV

Bank of America Corp DE purchased a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,520,821 shares of the company's stock, valued at approximately $2,961,612,000. Bank of America Corp DE owned 0.95% of GE Vernova as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Auto Owners Insurance Co increased its holdings in GE Vernova by 110,973.4% in the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company's stock valued at $2,278,224,000 after buying an additional 34,826,773 shares during the last quarter. BlackRock Inc. purchased a new stake in GE Vernova during the 2nd quarter worth about $25,569,630,000. State Street Corp boosted its position in shares of GE Vernova by 2.1% during the 4th quarter. State Street Corp now owns 11,469,670 shares of the company's stock worth $7,496,232,000 after acquiring an additional 231,392 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of GE Vernova by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 6,249,193 shares of the company's stock worth $4,074,039,000 after acquiring an additional 68,894 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of GE Vernova in the 4th quarter valued at about $2,283,114,000.

GE Vernova Stock Performance

NYSE GEV opened at $875.14 on Tuesday. The stock has a market capitalization of $233.08 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 4.45 and a beta of 1.15. The business's 50 day moving average is $993.62 and its two-hundred day moving average is $983.88. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly 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). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. During the same period in the prior year, the business earned $1.86 earnings per share. The firm's quarterly revenue was up 21.9% compared to the same quarter last year. Research analysts expect that GE Vernova Inc. will post 15.36 EPS for the current year.

More GE Vernova News

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

• Positive Sentiment: GE Vernova’s free cash flow surged during the first half of 2026, supporting higher guidance and giving the company more flexibility to fund growth investments while returning capital to shareholders. Can GE Vernova’s Rising Free Cash Flow Strengthen Its Growth Story?
• Neutral Sentiment: Investors continue to weigh GE Vernova’s exposure to rising electricity demand and grid investment against its growth-oriented risk profile. Comparisons with steadier, regulated utilities highlight the difference between GEV’s potentially faster growth and greater execution and valuation risk. Dominion Energy vs. GE Vernova: Which Utilities Stock Is a Better Buy in 2026?
• Neutral Sentiment: Some commentary argues that the recent pullback could create a buying opportunity for investors who believe in the company’s long-term power-equipment and grid-modernization prospects. Why the Pullback May Be a Buying Opportunity
• Negative Sentiment: GLJ Research initiated coverage of GE Vernova with a Sell rating and a $470 price target, described as the lowest target on Wall Street and roughly half the stock’s recent trading level. The report raised concerns about the company’s valuation and drove heavy selling pressure. GE Vernova Sinks as GLJ Research Starts With Sell Rating
• Negative Sentiment: GE Vernova also declined alongside the broader AI market, while related grid and power-equipment names—including Eaton and Quanta Services—came under pressure, extending the weakness across the sector. Why Did GE Vernova Stock Fall Today?

Analyst Ratings Changes

A number of analysts have weighed in on the stock. The Goldman Sachs Group raised shares of GE Vernova from a "buy" rating to a "market outperform" rating in a report on Monday. Jefferies Financial Group set a $1,185.00 price objective on GE Vernova in a report on Friday. Mizuho lifted their target price on GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Weiss Ratings reissued a "buy (b)" rating on shares of GE Vernova in a research report on Tuesday, July 21st. Finally, Morgan Stanley cut GE Vernova from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,145.83.

About GE Vernova

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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