Gamco Investors INC. ET AL Decreases Stake in GE Vernova Inc. $GEV

Gamco Investors INC. ET AL cut its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 16.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,195 shares of the company's stock after selling 2,427 shares during the quarter. Gamco Investors INC. ET AL's holdings in GE Vernova were worth $14,327,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cornerstone Financial Management LLC acquired a new position in GE Vernova during the fourth quarter worth about $25,000. Wealth Watch Advisors INC acquired a new stake in shares of GE Vernova during the 3rd quarter valued at approximately $25,000. Torren Management LLC purchased a new stake in shares of GE Vernova during the 4th quarter worth approximately $26,000. Manning & Napier Advisors LLC boosted 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 acquiring an additional 13 shares in the last quarter. Finally, Navalign LLC acquired a new stake in shares of GE Vernova in the 4th quarter worth approximately $27,000.

GE Vernova News Summary

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

• Positive Sentiment: GE Vernova and South Korea’s LS Electric plan to launch a joint venture focused on the high-voltage direct current (HVDC) market. The partnership could expand GEV’s exposure to long-distance power transmission and grid infrastructure projects, which are expected to benefit from rising electricity demand. GE Vernova, Korea's LS Electric to launch joint venture targeting HVDC market
• Positive Sentiment: Analysts and market commentary continue to identify GE Vernova as a potential major beneficiary of the AI power boom. Its growing orders and backlog in gas turbines, grid equipment and electrification products position the company to supply power for data centers and broader grid upgrades. Is GE Vernova Emerging as a Key Beneficiary of the AI Power Boom?
• Positive Sentiment: GE Vernova may offer near-term solutions to data centers facing long waits for gas turbines, with demand reportedly booked out through 2031. This reinforces the company’s strategic importance as data-center operators seek reliable power capacity. GE Vernova Offers Quick Solution To AI's Power Turbine Quandary
• Neutral Sentiment: GE Vernova and American Electric Power are both positioned to benefit from increased electricity demand, AI data centers and U.S. grid expansion, although the comparison does not establish a clear near-term advantage for GEV. GE Vernova vs. American Electric Power: Which Power Stock Has the Edge?
• Negative Sentiment: Jim Cramer warned that political and community backlash over data-center electricity consumption could slow hyperscaler projects and soften GE Vernova’s order book. Any reduction in new data-center commitments would pose a risk to the company’s growth outlook. Jim Cramer Says GE Vernova Order Book Might Have Gotten Soft

Insiders Place Their Bets

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the 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 owned 1,835 shares of the company's stock, valued at $1,739,726.80. This represents a 72.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GEV shares. Mizuho lifted their price objective on GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. William Blair restated an "outperform" rating on shares of GE Vernova in a research report on Monday, August 3rd. Royal Bank Of Canada lifted their price target on GE Vernova from $1,195.00 to $1,225.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Oppenheimer boosted their price objective on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley cut shares of GE Vernova from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. Two 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 stock. Based on data from MarketBeat, GE Vernova presently has a consensus rating of "Moderate Buy" and an average price target of $1,133.15.

GE Vernova Trading Up 3.1%

GE Vernova stock opened at $955.61 on Thursday. The stock has a 50-day moving average price of $1,038.97 and a 200 day moving average price of $973.57. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The stock has a market cap of $254.51 billion, a PE ratio of 27.35, a P/E/G ratio of 3.33 and a beta of 1.21. 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 (NYSE:GEV - Get Free Report) last posted its quarterly earnings data 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). The firm 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 business's quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.86 EPS. Equities research analysts predict that GE Vernova Inc. will post 15.46 earnings per share for the current fiscal 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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