EFG International AG Buys 33,053 Shares of GE Vernova Inc. $GEV

Key Points

• EFG International significantly increased its GE Vernova stake by purchasing 33,053 additional shares in the second quarter, bringing its holdings to 48,107 shares valued at approximately $56.5 million.
• GE Vernova reported mixed quarterly results: revenue rose 21.9% year over year to $11.1 billion and exceeded estimates, but earnings per share of $2.47 fell short of the $3.17 consensus forecast.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $1,133.15, though a CFO transition and CEO share sale introduce near-term uncertainty.

EFG International AG lifted its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 219.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,107 shares of the company's stock after purchasing an additional 33,053 shares during the quarter. GE Vernova comprises 1.0% of EFG International AG's portfolio, making the stock its 23rd biggest holding. EFG International AG's holdings in GE Vernova were worth $56,532,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Wealth Watch Advisors INC purchased a new position in GE Vernova during the third quarter worth $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of GE Vernova in the fourth quarter valued at $25,000. Torren Management LLC purchased a new stake in shares of GE Vernova in the fourth quarter valued at $26,000. Manning & Napier Advisors LLC lifted its holdings in shares of 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 acquiring an additional 13 shares during the last quarter. Finally, Navalign LLC purchased a new stake in GE Vernova in the 4th quarter worth about $27,000.

GE Vernova Price Performance

GE Vernova stock opened at $912.32 on Friday. The stock has a market cap of $242.98 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 3.43 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The firm has a 50-day moving average of $1,031.82 and a two-hundred day moving average of $974.36.

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 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 company had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.79 billion. During the same period last year, the business posted $1.86 earnings per share. The business's revenue was up 21.9% compared to the same quarter last year. On average, research analysts forecast that GE Vernova Inc. will post 15.46 earnings per share for the current year.

Key GE Vernova News

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Guggenheim boosted their target price 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. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Vernova in a report on Tuesday, July 21st. Morgan Stanley downgraded GE Vernova from an "overweight" rating to an "underweight" rating in a report on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on GE Vernova from $1,302.00 to $1,330.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group restated a "buy" rating on shares of GE Vernova in a report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,133.15.

Insider Transactions at GE Vernova

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the firm'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 transaction, the chief executive officer directly owned 1,835 shares in the company, valued at $1,739,726.80. This trade represents a 72.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.

GE Vernova Company 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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