GE Vernova Inc. $GEV Shares Bought by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

Key Points

• Cushing Asset Management increased its GE Vernova stake by 19.6% in the second quarter, purchasing 4,700 additional shares for a total holding of 28,700 shares valued at approximately $33.7 million.
• Wall Street remains broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,133.15; several analysts recently raised their targets to as high as $1,450.
• GE Vernova reported strong revenue growth of 21.9% year over year, though quarterly EPS of $2.47 fell short of expectations. Shares were trading near $1,063.52, while CEO Victor Abate recently sold 4,819 shares and the stock’s elevated valuation presents potential downside risk.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 19.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,700 shares of the company's stock after purchasing an additional 4,700 shares during the period. GE Vernova accounts for approximately 1.5% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's portfolio, making the stock its 19th largest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings in GE Vernova were worth $33,718,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Argonautica Private Wealth Management Inc. increased its stake in shares of GE Vernova by 28.3% during the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 1,387 shares of the company's stock worth $1,630,000 after purchasing an additional 306 shares in the last quarter. Summit Wealth Group LLC Co. lifted its stake in GE Vernova by 15.1% in the 2nd quarter. Summit Wealth Group LLC Co. now owns 510 shares of the company's stock valued at $599,000 after buying an additional 67 shares in the last quarter. Meiji Yasuda America Inc grew its holdings in GE Vernova by 26.6% during the 2nd quarter. Meiji Yasuda America Inc now owns 4,036 shares of the company's stock valued at $4,742,000 after buying an additional 847 shares during the last quarter. Angeles Wealth Management LLC grew its holdings in GE Vernova by 5.6% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,573 shares of the company's stock valued at $4,200,000 after buying an additional 189 shares during the last quarter. Finally, TradeWell Securities LLC. acquired a new stake in GE Vernova during the 2nd quarter valued at $209,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GEV shares. Robert W. Baird boosted their price target on GE Vernova from $1,008.00 to $1,400.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. increased their price objective on GE Vernova from $1,302.00 to $1,330.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Guggenheim increased their price objective on GE Vernova from $1,300.00 to $1,450.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Mizuho lifted their price objective on GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Finally, Susquehanna set a $1,300.00 target price on shares of GE Vernova in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,133.15.

Insiders Place Their Bets

In related news, CEO Victor Abate sold 4,819 shares of the stock in a transaction dated 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 directly owned 1,835 shares in the company, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company's stock.

GE Vernova Trading Up 1.3%

Shares of GEV opened at $1,063.52 on Friday. The stock has a fifty day moving average of $1,034.05 and a two-hundred day moving average of $957.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The company has a market capitalization of $283.25 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 3.79 and a beta of 1.21. GE Vernova Inc. has a fifty-two week low of $530.16 and a fifty-two week high of $1,195.94.

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 analysts' consensus estimates of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.79 billion. During the same period in the prior year, the company earned $1.86 EPS. The company's revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, analysts forecast that GE Vernova Inc. will post 15.57 EPS for the current year.

GE Vernova Dividend Announcement

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

Key Stories Impacting GE Vernova

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

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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