GE Vernova Inc. $GEV Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One reduced its GE Vernova position by 5.3% in the second quarter, selling 7,225 shares and retaining 129,915 shares valued at approximately $152.6 million.
• GE Vernova reported 21.9% year-over-year revenue growth to $11.1 billion, though quarterly EPS of $2.47 missed the $3.17 analyst consensus. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,133.15.
• Investor enthusiasm is supported by strong power-equipment demand, a reported $176 billion backlog and potential AI-infrastructure and nuclear projects, but the stock’s sharp run-up has raised valuation concerns.

Asset Management One Co. Ltd. reduced its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,915 shares of the company's stock after selling 7,225 shares during the period. Asset Management One Co. Ltd.'s holdings in GE Vernova were worth $152,632,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GEV. Onyx Bridge Wealth Group LLC boosted its stake in shares of GE Vernova by 1.3% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company's stock valued at $635,000 after buying an additional 9 shares during the last quarter. Red Door Wealth Management LLC boosted its stake in GE Vernova by 0.6% during the 1st quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company's stock valued at $1,548,000 after acquiring an additional 10 shares during the last quarter. Advance Capital Management Inc. boosted its stake in GE Vernova by 2.2% during the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company's stock valued at $402,000 after acquiring an additional 10 shares during the last quarter. Alpha Financial Partners LLC grew its holdings in GE Vernova by 2.0% during the 1st quarter. Alpha Financial Partners LLC now owns 514 shares of the company's stock worth $449,000 after acquiring an additional 10 shares in the last quarter. Finally, Sandy Cove Advisors LLC grew its holdings in GE Vernova by 2.6% during the 2nd quarter. Sandy Cove Advisors LLC now owns 389 shares of the company's stock worth $457,000 after acquiring an additional 10 shares in the last quarter.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GEV. William Blair restated an "outperform" rating on shares of GE Vernova in a research note on Monday, August 3rd. BMO Capital Markets reaffirmed an "outperform" rating on shares of GE Vernova in a report on Friday, August 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Vernova in a research report on Tuesday, July 21st. Wall Street Zen lowered GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, Mizuho raised their price objective on GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,133.15.

GE Vernova Stock Up 1.3%

GE Vernova stock opened at $1,063.52 on Friday. 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 one year low of $530.16 and a one year high of $1,195.94. The company has a 50-day simple moving average of $1,034.05 and a 200-day simple moving average of $957.76. The firm has a market capitalization of $283.25 billion, a P/E ratio of 30.44, a P/E/G ratio of 3.74 and a beta of 1.21.

GE Vernova (NYSE:GEV - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $10.79 billion. During the same period in the previous year, the firm earned $1.86 earnings per share. The company's revenue for the quarter was up 21.9% on a year-over-year basis. As a group, equities analysts expect that GE Vernova Inc. will post 15.57 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently declared 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, June 16th. GE Vernova's payout ratio is 5.72%.

Insider Activity

In other 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 value of $4,568,797.52. Following the completion of the transaction, the chief executive officer owned 1,835 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this link. Insiders own 0.21% of the company's stock.

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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