Flputnam Investment Management Co. Raises Position in GE Vernova Inc. $GEV

Key Points

• Flputnam Investment Management increased its GE Vernova stake by 11.8% in the second quarter, purchasing 1,621 additional shares for a total of 15,397 shares valued at approximately $18.1 million.
• Other institutional investors also adjusted their positions, while GE Vernova’s stock opened at $897.30—below its 50-day and 200-day moving averages—amid broader sector weakness and valuation concerns.
• GE Vernova reported strong 21.9% year-over-year revenue growth to $11.1 billion, but quarterly EPS of $2.47 missed estimates of $3.17. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,133.15.

Flputnam Investment Management Co. raised its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 11.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,397 shares of the company's stock after purchasing an additional 1,621 shares during the quarter. Flputnam Investment Management Co.'s holdings in GE Vernova were worth $18,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of GE Vernova by 17.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 48,845 shares of the company's stock valued at $57,387,000 after buying an additional 7,275 shares during the last quarter. Van Den Berg Management I Inc. purchased a new stake in GE Vernova in the 2nd quarter valued at $227,000. Wedbush Securities Inc. raised its position in GE Vernova by 1.9% in the 2nd quarter. Wedbush Securities Inc. now owns 12,630 shares of the company's stock valued at $14,838,000 after buying an additional 236 shares during the last quarter. Hennessy Advisors Inc. bought a new position in GE Vernova during the 2nd quarter valued at $680,000. Finally, Spinnaker Trust lifted its stake in GE Vernova by 0.9% during the 2nd quarter. Spinnaker Trust now owns 2,210 shares of the company's stock valued at $2,596,000 after acquiring an additional 20 shares in the last quarter.

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 Down 1.6%

GEV stock opened at $897.30 on Tuesday. The stock's fifty day simple moving average is $1,027.25 and its two-hundred day simple moving average is $976.33. 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 Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The stock has a market cap of $238.98 billion, a P/E ratio of 25.68, a P/E/G ratio of 3.28 and a beta of 1.21.

GE Vernova (NYSE:GEV - Get Free Report) last announced 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). The business had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The company's revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 earnings per share. Analysts expect that GE Vernova Inc. will post 15.46 EPS for the current year.

Wall Street Analysts Forecast Growth

GEV has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of 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. Royal Bank Of Canada raised their price target on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Oppenheimer raised their price target on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Jefferies Financial Group restated a "buy" rating on shares of GE Vernova in a report on Monday, July 27th. Finally, Morgan Stanley downgraded shares of GE Vernova from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,133.15.

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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