GE Vernova Inc. $GEV Shares Sold by Amundi

Key Points

• Amundi reduced its GE Vernova stake by 16.6% in the second quarter, selling 299,383 shares and retaining 1.51 million shares worth approximately $1.77 billion.
• GE Vernova continues to build its energy-business pipeline through wind, nuclear, gas-turbine and grid projects, including agreements in Scotland, Sweden and Venezuela. Its gas-turbine backlog and reservations total 116 gigawatts, with at least 125 gigawatts expected under contract by year-end.
• The company reported quarterly revenue of $11.10 billion, up 21.9% year over year, but EPS of $2.47 missed estimates of $3.17. Analysts maintain a “Moderate Buy” consensus, while some have raised concerns about margins and lowered earnings forecasts.

Amundi cut its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 16.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,505,800 shares of the company's stock after selling 299,383 shares during the quarter. Amundi owned about 0.57% of GE Vernova worth $1,769,104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Financial Management LLC purchased a new position in GE Vernova in the 4th quarter valued at about $25,000. Wealth Watch Advisors INC acquired a new stake in shares of GE Vernova during the third quarter valued at about $25,000. Manning & Napier Advisors LLC increased its position in shares of GE Vernova by 68.4% during the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company's stock worth $26,000 after acquiring an additional 13 shares during the last quarter. Navalign LLC purchased a new stake in shares of GE Vernova during the fourth quarter worth about $27,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of GE Vernova in the fourth quarter worth about $30,000.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova signed an agreement to supply wind turbines for ESB’s Chleansaid wind farm in Scotland, adding to its renewable-energy order pipeline and reinforcing demand for its equipment. GE Vernova signs agreement to supply turbines for ESB wind farm in Scotland
• Positive Sentiment: A deal with Venezuela is expected to help stabilize the country’s deteriorating power grid within six to 12 months. The project could create equipment, services and maintenance opportunities while expanding GE Vernova’s international presence. Market Chatter: GE Vernova Deal Aims to Stabilize Venezuela Power Grid
• Positive Sentiment: GE Vernova is participating with Studsvik, GE Vernova Hitachi and Samsung C&T in advancing a Swedish nuclear-power project. Nuclear demand is attracting investor attention as data centers and AI require reliable, low-carbon electricity. Companies advance Swedish nuclear power project
• Positive Sentiment: An investor analysis highlighted GE Vernova’s 116 gigawatts of gas-turbine equipment in backlog and slot reservations, with at least 125 gigawatts expected under contract by year-end. Capacity expansion and recurring service revenue support the long-term growth case. GE Vernova company overview
• Neutral Sentiment: GE Vernova recently outperformed the broader market in a session, reflecting enthusiasm over Venezuela grid-repair plans and the company’s exposure to AI-related power demand. However, the move followed volatility since June as investors reassessed the sustainability of the AI infrastructure boom. GE Vernova outperforms the stock market
• Negative Sentiment: Erste Group Bank lowered its fiscal 2027 EPS forecast, while analysts continue to question whether GE Vernova can convert its substantial orders into higher margins. Those concerns may limit upside after the stock’s strong longer-term rally. GE Vernova FY2027 EPS forecast decreased

GE Vernova Trading Up 0.2%

GE Vernova stock opened at $943.58 on Monday. The firm's 50-day moving average is $1,016.92 and its 200-day moving average is $979.58. 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 Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The company has a market cap of $251.30 billion, a P/E ratio of 27.01, a PEG ratio of 4.38 and a beta of 1.15.

GE Vernova (NYSE:GEV - Get Free Report) last announced 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 business had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. GE Vernova's quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.86 EPS. On average, equities analysts expect that GE Vernova Inc. will post 15.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho raised their price objective on GE Vernova from $913.00 to $949.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Wall Street Zen cut shares of GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Royal Bank Of Canada increased their price objective on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. William Blair reissued an "outperform" rating on shares of GE Vernova in a report on Monday, August 3rd. Finally, Morgan Stanley downgraded shares of GE Vernova from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and an average target price of $1,155.28.

About GE Vernova

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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