Fox Hill Wealth Management Buys Shares of 2,201 GE Vernova Inc. $GEV

Key Points

• Fox Hill Wealth Management initiated a GE Vernova position of 2,201 shares worth approximately $2.586 million in the second quarter, while several other institutional investors modestly increased their holdings.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,133.15, although Morgan Stanley and Wall Street Zen recently downgraded the stock.
• GE Vernova reported 21.9% year-over-year revenue growth to $11.10 billion but missed quarterly EPS expectations. Growth prospects include new grid contracts and an HVDC joint venture, while a CFO transition adds near-term uncertainty.

Fox Hill Wealth Management bought a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,201 shares of the company's stock, valued at approximately $2,586,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Onyx Bridge Wealth Group LLC increased its stake in shares of GE Vernova by 1.3% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company's stock worth $635,000 after purchasing an additional 9 shares in the last quarter. Red Door Wealth Management LLC raised its position in shares of GE Vernova by 0.6% during the 1st quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company's stock worth $1,548,000 after purchasing an additional 10 shares during the last quarter. Advance Capital Management Inc. lifted its stake in GE Vernova by 2.2% in the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company's stock valued at $402,000 after buying an additional 10 shares in the last quarter. Alpha Financial Partners LLC lifted its stake in GE Vernova by 2.0% in the 1st quarter. Alpha Financial Partners LLC now owns 514 shares of the company's stock valued at $449,000 after buying an additional 10 shares in the last quarter. Finally, Sandy Cove Advisors LLC grew its holdings in GE Vernova by 2.6% during the 2nd quarter. Sandy Cove Advisors LLC now owns 389 shares of the company's stock valued at $457,000 after buying an additional 10 shares during the last quarter.

Wall Street Analyst Weigh In

GEV has been the subject of several recent research reports. 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 report on Thursday, July 23rd. Morgan Stanley downgraded GE Vernova from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. Sanford C. Bernstein increased their price objective on GE Vernova from $1,206.00 to $1,298.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Vernova in a research report on Tuesday, July 21st. Finally, Wall Street Zen downgraded shares of GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and a consensus price target of $1,133.15.

GE Vernova News Roundup

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

GE Vernova Stock Up 0.0%

Shares of NYSE GEV opened at $912.32 on Monday. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The firm's 50 day moving average price is $1,031.82 and its 200 day moving average price is $975.58. The firm has a market cap of $242.98 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 3.28 and a beta of 1.21. 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 (NYSE:GEV - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $11.10 billion during the quarter, compared to analyst estimates 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 was up 21.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 earnings per share. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 15.46 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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