Envestnet Asset Management Inc. Boosts Stock Position in GE Vernova Inc. $GEV

Key Points

• Envestnet Asset Management increased its GE Vernova position by 18.2% in the second quarter, bringing its holdings to 487,847 shares valued at approximately $573.2 million. Other major institutions, including BlackRock, Norges Bank and Bank of America, also established or expanded positions.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $1,145.83. TD Cowen and RBC recently raised their targets to $1,235 and $1,225, respectively.
• GE Vernova reported strong year-over-year revenue growth of 21.9% to $11.1 billion, but quarterly EPS of $2.47 missed the $3.17 consensus estimate. Shares were trading near $950.59, below their 52-week high, while AI-driven electricity demand, a large backlog and nuclear initiatives support the longer-term growth outlook.

Envestnet Asset Management Inc. raised its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 18.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 487,847 shares of the company's stock after purchasing an additional 75,231 shares during the period. Envestnet Asset Management Inc. owned about 0.18% of GE Vernova worth $573,152,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Auto Owners Insurance Co raised 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 acquiring an additional 34,826,773 shares in the last quarter. BlackRock Inc. acquired a new position in GE Vernova during the 2nd quarter worth $25,569,630,000. Norges Bank acquired a new position in GE Vernova during the 4th quarter worth $2,283,114,000. Bank of America Corp DE bought a new stake in shares of GE Vernova in the 2nd quarter worth about $2,961,612,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of GE Vernova in the 2nd quarter worth about $2,497,472,000.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GEV. BMO Capital Markets restated an "outperform" rating on shares of GE Vernova in a research note on Friday, August 7th. Wall Street Zen downgraded GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. TD Cowen boosted their price objective on GE Vernova from $1,220.00 to $1,235.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Jefferies Financial Group restated a "buy" rating on shares of GE Vernova in a research note on Thursday, September 17th. Finally, Royal Bank Of Canada lifted their target price on 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. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,145.83.

GE Vernova Stock Performance

Shares of NYSE GEV traded up $0.31 during midday trading on Wednesday, hitting $950.59. The company's stock had a trading volume of 1,676,846 shares, compared to its average volume of 2,690,340. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The firm's fifty day moving average price is $976.39 and its 200-day moving average price is $986.56. The firm has a market cap of $253.17 billion, a P/E ratio of 27.21, a P/E/G ratio of 4.40 and a beta of 1.15.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share 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 business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.79 billion. During the same quarter last year, the company earned $1.86 EPS. GE Vernova's revenue was up 21.9% compared to the same quarter last year. On average, sell-side analysts forecast that GE Vernova Inc. will post 15.36 EPS for the current fiscal year.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova signed an agreement to provide Rotor Life Extension services for five 9F gas turbines at three Egyptian power plants. The deal should support recurring services revenue, extend the company’s installed-base relationship and demonstrate demand for its aftermarket offerings. GE Vernova Signs Services Deal for Five Gas Turbines in Egypt
• Positive Sentiment: CEO Scott Strazik said GE Vernova is positioning itself to meet unprecedented electricity demand from AI and data centers. Comments about international opportunities, including Venezuela’s power infrastructure and Ukraine’s nuclear assets, add potential long-term growth avenues. GE Vernova CEO on Energy Demand and Economic Stability
• Positive Sentiment: GE Vernova, Hitachi and Samsung C&T signed a memorandum of understanding to advance deployment of GE Vernova’s BWRX-300 small modular reactors in Europe. Although not a firm order, the agreement strengthens the company’s nuclear-growth narrative. BWRX-300 Fleet Deployment MoU
• Positive Sentiment: Recent coverage highlighted management’s target of reaching a $200 billion backlog in very early 2027, following backlog growth to approximately $176 billion. A largely sold-out position through 2030 could improve revenue visibility and provide a powerful catalyst if execution remains on track. GE Vernova Backlog Target
• Neutral Sentiment: The investment case remains attractive to some analysts because of AI-related power demand and GE Vernova’s backlog, but shares trade at a high valuation. The company’s latest quarterly earnings also fell short of consensus despite strong revenue growth, creating a potential near-term risk if margins or execution disappoint. GE Vernova Stock Is Down From Its High

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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