GE Vernova Inc. $GEV Shares Acquired by Kornitzer Capital Management Inc. KS

Key Points

• Kornitzer Capital Management increased its GE Vernova stake by 10.3% in the second quarter, bringing its holdings to 10,767 shares valued at approximately $12.65 million. Several other institutional investors also significantly expanded their positions.
• Analysts maintain a generally positive outlook, with GE Vernova receiving a consensus “Moderate Buy” rating and an average price target of $1,133.15, despite some recent downgrades to neutral or hold.
• GE Vernova reported quarterly revenue of $11.10 billion, up 21.9% year over year and above estimates, but earnings per share of $2.47 missed expectations of $3.17. The stock opened at $1,005.97 after reportedly falling 6.8%.

Kornitzer Capital Management Inc. KS grew its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 10.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,767 shares of the company's stock after purchasing an additional 1,007 shares during the period. Kornitzer Capital Management Inc. KS's holdings in GE Vernova were worth $12,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in GEV. Auto Owners Insurance Co boosted its stake in GE Vernova by 110,973.4% during the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company's stock worth $2,278,224,000 after buying an additional 34,826,773 shares during the last quarter. Norges Bank purchased a new position in shares of GE Vernova during the 4th quarter worth $2,283,114,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of GE Vernova by 5,171.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company's stock worth $1,603,114,000 after acquiring an additional 2,406,326 shares during the period. Corient Private Wealth LLC boosted its position in shares of GE Vernova by 2,802.8% during the 4th quarter. Corient Private Wealth LLC now owns 1,608,714 shares of the company's stock valued at $1,051,407,000 after acquiring an additional 1,553,295 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of GE Vernova by 4,358.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company's stock valued at $1,316,076,000 after acquiring an additional 1,485,712 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GEV shares. Wall Street Zen lowered shares of GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. BNP Paribas Exane downgraded shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $1,190.00 target price on the stock. in a research note on Monday, April 27th. Mizuho boosted their target price on shares of GE Vernova from $913.00 to $949.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Weiss Ratings reissued a "buy (b)" rating on shares of GE Vernova in a research note on Tuesday, July 21st. Finally, Argus set a $1,300.00 price target on shares of GE Vernova in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,133.15.

GE Vernova Trading Down 6.8%

Shares of GEV stock opened at $1,005.97 on Wednesday. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. The company has a 50-day moving average of $1,038.75 and a two-hundred day moving average of $964.62. The firm has a market cap of $267.92 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 3.79 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 analysts' consensus estimates of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The firm had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.79 billion. During the same period in the previous year, the firm earned $1.86 EPS. The firm's revenue for the quarter was up 21.9% compared to the same quarter last year. On average, analysts predict that GE Vernova Inc. will post 15.57 EPS for the current year.

Insiders Place Their Bets

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the sale, the chief executive officer directly owned 1,835 shares in the company, valued at $1,739,726.80. This represents a 72.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by insiders.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova’s backlog reportedly reached $176 billion, while rising orders for power-generation and grid technologies point to strong demand and improved revenue visibility. The company’s nuclear-related AI deal also reinforced the investment case tied to surging electricity demand. GE Vernova backlog and nuclear AI deal
• Positive Sentiment: GE Vernova is leading an ARPA-E project with SHINE to modernize tracking of spent nuclear fuel during recycling. Although the project is unlikely to materially affect near-term earnings, it strengthens the company’s positioning in advanced nuclear infrastructure and fuel-cycle technology. SHINE joins GE Vernova-led ARPA-E project
• Neutral Sentiment: GE Vernova’s wind business reportedly declined 40%, but commentary characterized the weakness as a vulnerable segment rather than an immediate threat, given the strength of the company’s gas-turbine and broader power businesses. GE Vernova wind business analysis
• Negative Sentiment: A Wall Street Journal report about potentially hidden debt among hyperscalers, combined with a 19-year high in Treasury yields, triggered a sharp risk-off move across AI-power and data-center infrastructure stocks. Investors are reassessing whether customers can finance planned projects and whether higher rates will pressure the sector’s valuations. Behind-the-meter energy stocks fall

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.

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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