CMH Wealth Management LLC Sells 4,691 Shares of GE Vernova Inc. $GEV

CMH Wealth Management LLC lowered its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 32.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,871 shares of the company's stock after selling 4,691 shares during the quarter. GE Vernova makes up approximately 1.8% of CMH Wealth Management LLC's investment portfolio, making the stock its 18th largest position. CMH Wealth Management LLC's holdings in GE Vernova were worth $11,602,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parvin Asset Management LLC bought a new position in GE Vernova in the second quarter valued at approximately $32,000. Pingora Partners LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $36,000. Manning & Napier Advisors LLC raised its stake in shares of GE Vernova by 68.4% during 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. IMG Wealth Management Inc. bought a new stake in shares of GE Vernova during the 2nd quarter worth approximately $39,000. Finally, Miller Global Investments LLC boosted its holdings in shares of 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 buying an additional 14 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GEV shares. Mizuho raised their target price on shares of GE Vernova from $913.00 to $949.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Royal Bank Of Canada upped their price target on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. William Blair reiterated an "outperform" rating on shares of GE Vernova in a research note on Monday, August 3rd. Morgan Stanley downgraded shares of GE Vernova from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. Finally, BMO Capital Markets reissued an "outperform" rating on shares of GE Vernova in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,133.15.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: Potential Venezuela agreements could create new project opportunities. GE Vernova is reportedly among the companies preparing to finalize energy agreements in Venezuela. The country’s amended hydrocarbons law could give foreign participants greater flexibility to operate and expand projects, although execution and political risks remain. Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela
• Positive Sentiment: Steam-turbine aftermarket growth supports GE Vernova’s services business. The global market is projected to expand from $12.5 billion in 2025 to $16.02 billion by 2031, driven by aging power fleets, life-extension programs and maintenance demand. GE Vernova could benefit from its installed base and recurring parts and service revenue. Global Steam Turbine Aftermarket Market to Reach USD 16.02 Billion by 2031
• Neutral Sentiment: New CFO appointment introduces a leadership transition. GE Vernova reportedly selected Rivian executive Claire McDonough as its next chief financial officer. Investors will likely watch for details on her priorities, financial controls and capital-allocation strategy. GE Vernova Taps Rivian’s Claire McDonough as New CFO
• Negative Sentiment: Speculation about SpaceX competition is weighing on sentiment. Reports suggest SpaceX may pose a new threat to GE Vernova, though neither company has commented and the nature of the potential competition remains unclear. The uncertainty is contributing to selling pressure. GE Vernova Stock Drops. Is SpaceX Coming for Them Too?
• Negative Sentiment: Recent weakness reflects broader sector selling and valuation concerns. GEV’s decline has extended a pullback affecting some power-infrastructure peers. With the stock trading below its short- and long-term moving averages and its latest quarterly EPS below expectations, investors may be taking profits despite strong revenue growth. GE Vernova Slides, Vertiv Holdings and Eaton Sit Out the Selloff

GE Vernova Stock Performance

GEV opened at $897.30 on Tuesday. 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 Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94. The business has a 50 day moving average of $1,027.25 and a 200-day moving average of $976.33. The stock has a market cap of $238.98 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 3.28 and a beta of 1.21.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share 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 business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.79 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. The firm's revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts expect that GE Vernova Inc. will post 15.46 earnings per share for the current 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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