GE Vernova Inc. $GEV Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP reduced its GE Vernova stake by 11.6% in the second quarter, selling 31,091 shares and retaining 236,880 shares valued at approximately $278.3 million.
• GE Vernova reported 21.9% year-over-year revenue growth to $11.1 billion, but quarterly EPS of $2.47 missed the $3.17 analyst consensus estimate.
• Analysts remain broadly positive, with the stock holding a “Moderate Buy” consensus rating and an average price target of $1,133.15, while the company’s exposure to AI-driven data-center power demand and grid expansion supports its growth outlook.

Korea Investment CORP decreased its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 11.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 236,880 shares of the company's stock after selling 31,091 shares during the period. Korea Investment CORP owned about 0.09% of GE Vernova worth $278,301,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG boosted its position in shares of GE Vernova by 37.7% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company's stock valued at $27,116,000 after acquiring an additional 6,313 shares during the period. World Investment Advisors increased its position in GE Vernova by 19.9% during the fourth quarter. World Investment Advisors now owns 13,497 shares of the company's stock worth $8,821,000 after acquiring an additional 2,241 shares during the period. RiverFront Investment Group LLC increased its position in GE Vernova by 239.2% during the fourth quarter. RiverFront Investment Group LLC now owns 2,191 shares of the company's stock worth $1,432,000 after acquiring an additional 1,545 shares during the period. Citizens Financial Group Inc. RI acquired a new position in GE Vernova during the 2nd quarter valued at $8,337,000. Finally, Danske Bank A S boosted its holdings in GE Vernova by 5.5% in the 4th quarter. Danske Bank A S now owns 156,236 shares of the company's stock valued at $102,111,000 after purchasing an additional 8,086 shares during the period.

GE Vernova Stock Up 3.1%

Shares of NYSE GEV opened at $955.61 on Thursday. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. 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 business has a fifty day moving average of $1,038.97 and a two-hundred day moving average of $973.57. The stock has a market cap of $254.51 billion, a PE ratio of 27.35, a PEG ratio of 3.33 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 during the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter last year, the firm posted $1.86 EPS. The business's revenue was up 21.9% on a year-over-year basis. As a group, equities research analysts expect that GE Vernova Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Activity at GE Vernova

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the firm's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the sale, the chief executive officer owned 1,835 shares in the company, valued at approximately $1,739,726.80. This trade represents a 72.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings reissued a "buy (b)" rating on shares of GE Vernova in a research report on Tuesday, July 21st. Royal Bank Of Canada upped their price target on GE Vernova from $1,195.00 to $1,225.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Wall Street Zen downgraded GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $1,302.00 to $1,330.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Finally, Guggenheim boosted their price objective on GE Vernova from $1,300.00 to $1,450.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Two investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,133.15.

Key Headlines Impacting GE Vernova

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

• Positive Sentiment: GE Vernova and South Korea’s LS Electric plan to launch a joint venture focused on the high-voltage direct current (HVDC) market. The partnership could expand GEV’s exposure to long-distance power transmission and grid infrastructure projects, which are expected to benefit from rising electricity demand. GE Vernova, Korea's LS Electric to launch joint venture targeting HVDC market
• Positive Sentiment: Analysts and market commentary continue to identify GE Vernova as a potential major beneficiary of the AI power boom. Its growing orders and backlog in gas turbines, grid equipment and electrification products position the company to supply power for data centers and broader grid upgrades. Is GE Vernova Emerging as a Key Beneficiary of the AI Power Boom?
• Positive Sentiment: GE Vernova may offer near-term solutions to data centers facing long waits for gas turbines, with demand reportedly booked out through 2031. This reinforces the company’s strategic importance as data-center operators seek reliable power capacity. GE Vernova Offers Quick Solution To AI's Power Turbine Quandary
• Neutral Sentiment: GE Vernova and American Electric Power are both positioned to benefit from increased electricity demand, AI data centers and U.S. grid expansion, although the comparison does not establish a clear near-term advantage for GEV. GE Vernova vs. American Electric Power: Which Power Stock Has the Edge?
• Negative Sentiment: Jim Cramer warned that political and community backlash over data-center electricity consumption could slow hyperscaler projects and soften GE Vernova’s order book. Any reduction in new data-center commitments would pose a risk to the company’s growth outlook. Jim Cramer Says GE Vernova Order Book Might Have Gotten Soft

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.

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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