GE Vernova Inc. $GEV Shares Acquired by Compagnie Lombard Odier SCmA

Key Points

• Compagnie Lombard Odier SCmA increased its GE Vernova stake by 171.8% in the second quarter, adding 10,739 shares to hold 16,991 shares valued at approximately $19.96 million.
• GE Vernova’s outlook remains supported by strong power-equipment demand, a reported backlog of about $176 billion and potential AI-infrastructure and nuclear projects, though the stock’s roughly 64% one-year gain has raised valuation concerns.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and an average $1,133.15 price target, but Morgan Stanley downgraded the stock to “underweight.” The company also missed quarterly EPS expectations, while CEO Victor Abate sold shares worth about $4.57 million.

Compagnie Lombard Odier SCmA lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 171.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,991 shares of the company's stock after acquiring an additional 10,739 shares during the period. Compagnie Lombard Odier SCmA's holdings in GE Vernova were worth $19,962,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Elm3 Financial Group LLC purchased a new stake in GE Vernova in the 2nd quarter valued at $328,000. Swiss Life Asset Management Ltd grew its position in GE Vernova by 19.9% during the 2nd quarter. Swiss Life Asset Management Ltd now owns 119,778 shares of the company's stock worth $140,722,000 after purchasing an additional 19,850 shares during the last quarter. Baker Avenue Asset Management LP grew its position in GE Vernova by 6.7% during the 2nd quarter. Baker Avenue Asset Management LP now owns 3,475 shares of the company's stock worth $4,082,000 after purchasing an additional 218 shares during the last quarter. Ducere Wealth Management LLC increased its stake in GE Vernova by 42.8% in the second quarter. Ducere Wealth Management LLC now owns 1,494 shares of the company's stock valued at $1,756,000 after purchasing an additional 448 shares during the period. Finally, Hartline Investment Corp increased its stake in GE Vernova by 3.4% in the second quarter. Hartline Investment Corp now owns 17,609 shares of the company's stock valued at $20,688,000 after purchasing an additional 587 shares during the period.

More GE Vernova News

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

• Positive Sentiment: Raised outlook and robust demand: Management recently increased its full-year revenue guidance amid booming demand for power equipment. Recent coverage also highlights stronger orders, improving margins and free cash flow, supporting expectations for continued earnings growth. Should Investors Take Profits in GE Vernova After Its Big Run?
• Positive Sentiment: AI power beneficiary: Analysts and investors increasingly view GEV as an AI-infrastructure play because hyperscalers and data centers require significant new electricity-generation and grid capacity. The company’s backlog has reportedly reached approximately $176 billion, with more than $45 billion expected to be recognized over the next year. GE Vernova: I Can't Stop Buying This AI Power Stock
• Positive Sentiment: Additional nuclear opportunity: GE Vernova Hitachi Nuclear Energy and Blue Energy agreed to advance engineering, licensing and safety work for a proposed 2.5-gigawatt gas-and-nuclear facility in Texas, adding to the company’s long-term project pipeline. GE Vernova and Blue Energy Move Forward With 2.5 GW Texas Gas-Nuclear Power Project
• Neutral Sentiment: Analyst support: Erste Group reportedly expects stronger earnings for GE Vernova, reinforcing the bullish outlook, although the available report provides limited detail on the forecast or its assumptions. Erste Group Bank Predicts Stronger Earnings for GE Vernova
• Negative Sentiment: Valuation risk: After a roughly 64% one-year gain, a discounted-cash-flow analysis suggests the shares may be about 14% above intrinsic value. The premium valuation leaves less room for execution missteps, while recent commentary flags profit-related blemishes despite strong results and raised guidance. GE Vernova Stock Could Be 14% Overvalued As Backlog Hits Record High

Insider Activity

In other news, CEO Victor Abate sold 4,819 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 1,835 shares of the company's stock, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley cut GE Vernova from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. BMO Capital Markets reiterated an "outperform" rating on shares of GE Vernova in a research note on Friday, August 7th. William Blair reissued an "outperform" rating on shares of GE Vernova in a report on Monday, August 3rd. Oppenheimer boosted their target price on GE Vernova from $1,303.00 to $1,338.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group restated a "buy" rating and set a $1,328.00 price target on shares of GE Vernova in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and an average price target of $1,133.15.

GE Vernova Trading Up 0.0%

Shares of GE Vernova stock opened at $1,063.52 on Monday. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The company's 50-day simple moving average is $1,034.05 and its 200-day simple moving average is $959.81. The firm has a market cap of $283.25 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 3.79 and a beta of 1.21.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly 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 firm had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The company's revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.86 earnings per share. As a group, equities research analysts anticipate that GE Vernova Inc. will post 15.57 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 16th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova's payout ratio is presently 5.72%.

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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