GE Vernova Inc. $GEV Shares Sold by TRB Wealth Management LLC

TRB Wealth Management LLC lowered its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 58.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 751 shares of the company's stock after selling 1,055 shares during the quarter. TRB Wealth Management LLC's holdings in GE Vernova were worth $882,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of GEV. B. Metzler seel. Sohn & Co. AG boosted its stake 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 purchasing an additional 6,313 shares during the period. World Investment Advisors lifted its holdings in GE Vernova by 19.9% in the 4th quarter. World Investment Advisors now owns 13,497 shares of the company's stock worth $8,821,000 after buying an additional 2,241 shares in the last quarter. RiverFront Investment Group LLC boosted its position in GE Vernova by 239.2% in the 4th quarter. RiverFront Investment Group LLC now owns 2,191 shares of the company's stock valued at $1,432,000 after buying an additional 1,545 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in GE Vernova in the 2nd quarter valued at about $8,337,000. Finally, Danske Bank A S grew its stake in shares of GE Vernova by 5.5% during the fourth quarter. Danske Bank A S now owns 156,236 shares of the company's stock valued at $102,111,000 after acquiring an additional 8,086 shares in the last quarter.

Insider Transactions at GE Vernova

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction that occurred 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 directly owned 1,835 shares in the company, valued at $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GEV. Jefferies Financial Group reaffirmed a "buy" rating on shares of GE Vernova in a research report on Monday, July 27th. TD Cowen increased their price target on GE Vernova from $1,220.00 to $1,235.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Royal Bank Of Canada raised their price objective on 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 restated an "outperform" rating on shares of GE Vernova in a report on Monday, August 3rd. Finally, Wall Street Zen lowered GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,133.15.

GE Vernova Stock Performance

GE Vernova stock opened at $955.61 on Thursday. The company has a market cap of $254.51 billion, a PE ratio of 27.35, a P/E/G ratio of 3.33 and a beta of 1.21. The company has a fifty day moving average price of $1,038.97 and a two-hundred day moving average price of $973.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. During the same period last year, the firm posted $1.86 earnings per share. The company's quarterly revenue was up 21.9% on a year-over-year basis. Research analysts expect that GE Vernova Inc. will post 15.46 earnings per share for the current year.

More GE Vernova News

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

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.

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