Castleark Management LLC Raises Holdings in GE Vernova Inc. $GEV

Castleark Management LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 11.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,101 shares of the company's stock after purchasing an additional 4,612 shares during the period. GE Vernova accounts for about 1.5% of Castleark Management LLC's holdings, making the stock its 16th biggest position. Castleark Management LLC's holdings in GE Vernova were worth $54,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Manning & Napier Advisors LLC boosted its stake in shares of GE Vernova by 68.4% during 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 during the last quarter. IMG Wealth Management Inc. acquired a new position in GE Vernova in the 2nd quarter valued at about $39,000. Miller Global Investments LLC raised its stake in GE Vernova by 63.6% in the 2nd quarter. Miller Global Investments LLC now owns 36 shares of the company's stock valued at $42,000 after purchasing an additional 14 shares during the last quarter. Burk Holdings LLC lifted its holdings in GE Vernova by 50.0% in the 2nd quarter. Burk Holdings LLC now owns 36 shares of the company's stock valued at $42,000 after purchasing an additional 12 shares in the last quarter. Finally, Torren Management LLC purchased a new position in GE Vernova in the 4th quarter valued at about $26,000.

Analysts Set New Price Targets

GEV has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of GE Vernova from $1,302.00 to $1,330.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Oppenheimer upped their price objective on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. BMO Capital Markets reissued an "outperform" rating on shares of GE Vernova in a research note on Friday, August 7th. Mizuho raised their target price 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. Finally, Royal Bank Of Canada lifted their target price on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,133.15.

GE Vernova Trading Down 4.4%

NYSE GEV opened at $912.32 on Friday. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The company has a 50-day moving average of $1,031.82 and a 200-day moving average of $974.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. The company has a market cap of $242.98 billion, a P/E ratio of 26.11, a P/E/G ratio of 3.43 and a beta of 1.21.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The company 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 posted $1.86 earnings per share. GE Vernova's revenue was up 21.9% on a year-over-year basis. As a group, equities analysts predict that GE Vernova Inc. will post 15.46 earnings per share for the current year.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: HVDC joint venture expands growth prospects: GE Vernova announced a partnership with South Korea’s LS Electric to pursue voltage-source-converter HVDC projects. The venture could strengthen GEV’s position in a fast-growing market driven by grid modernization, renewable-power integration and rising electricity demand. GE Vernova’s New JV Could Unlock its Next Big Growth Engine
• Positive Sentiment: New U.K. grid contract adds backlog: GE Vernova was selected to supply a 400-kilovolt gas-insulated switchgear substation in Chesterfield, England, as part of National Grid’s Great Grid Upgrade. The award reinforces demand for GEV’s transmission equipment and exposure to long-term grid investment. GE Vernova secures 400 kV substation contract for UK grid upgrade
• Positive Sentiment: Demand outlook remains constructive: Recent coverage argues that GE Vernova’s businesses may be sold out through 2030, while AI-related data-center electricity demand and broader power shortages could support future orders. These themes bolster the long-term growth case, although they are largely forward-looking. GE Vernova: Sold Out Through 2030 Can AI Power Demand Drive Growth?
• Neutral Sentiment: Positive media commentary offers limited direct support: Jim Cramer continues to view GEV favorably because of its nuclear exposure and delivery visibility, but the commentary does not represent a change in earnings guidance or fundamentals. GE Vernova Isn’t A Great Short, Jim Cramer Said
• Negative Sentiment: CFO succession creates near-term uncertainty: GE Vernova’s announcement of a CFO transition may prompt investors to seek clarity on financial controls, capital allocation and execution. The move also coincided with Rivian’s CFO departing to join GEV, highlighting the leadership change but not necessarily signaling an operational problem. GE Vernova Announces CFO Transition and Leadership Succession

Insider Activity at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the completion of the sale, the chief executive officer directly owned 1,835 shares in the company, valued at $1,739,726.80. This represents a 72.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.21% of the stock is currently owned by 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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