GE Vernova Inc. $GEV Stock Bought by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its GE Vernova stake by 31.2% in the second quarter, bringing its holdings to 7,146 shares valued at approximately $8.4 million. Several other institutional investors also added positions or initiated stakes.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $1,145.83; RBC and TD Cowen recently raised their targets to $1,225 and $1,235, respectively.
• GE Vernova’s growth outlook is supported by a potential $200 billion backlog and expanding opportunities in power generation, grid infrastructure, data centers and nuclear energy, but investors remain concerned about valuation, execution, wind-related losses and backlog profitability. The company’s latest quarter beat revenue expectations but missed on EPS.

Envestnet Portfolio Solutions Inc. boosted its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 31.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,146 shares of the company's stock after acquiring an additional 1,698 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in GE Vernova were worth $8,396,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG increased its position in GE Vernova by 37.7% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company's stock valued at $27,116,000 after buying an additional 6,313 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in GE Vernova in the second quarter worth $8,337,000. Sapient Capital LLC boosted its holdings in GE Vernova by 31.4% in the second quarter. Sapient Capital LLC now owns 76,038 shares of the company's stock worth $89,372,000 after acquiring an additional 18,188 shares in the last quarter. Processus Wealth & Capital Management LLC bought a new stake in GE Vernova in the second quarter worth $2,699,000. Finally, Field & Main Bank purchased a new stake in shares of GE Vernova in the second quarter worth $3,018,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GEV shares. Royal Bank Of Canada raised 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. TD Cowen upped their price target on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. BMO Capital Markets reissued an "outperform" rating on shares of GE Vernova in a research report on Friday, August 7th. William Blair restated an "outperform" rating on shares of GE Vernova in a research note on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Vernova in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and an average target price of $1,145.83.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova’s backlog is approaching a potential $200 billion, supported by rising orders for power-generation equipment, grid infrastructure and data-center capacity. The backlog could provide a significant multiyear growth catalyst if the company can convert it efficiently. A $200 Billion Reason to Buy GE Vernova Stock
• Positive Sentiment: GE Vernova, Hitachi, Samsung C&T and European partner SGE signed a memorandum of understanding to advance deployment of GE Vernova and Hitachi’s BWRX-300 small modular reactors in Europe. The initiative could expand the company’s long-term nuclear opportunity as Europe prioritizes energy security and low-carbon generation. GE Vernova, Hitachi, and Samsung Are Bringing Small Modular Reactors to Europe
• Positive Sentiment: The company signed a services agreement to provide Rotor Life Extension solutions for five 9F gas turbines at three Egyptian power plants. The contract supports recurring services revenue and demonstrates demand for extending the life of existing equipment. GE Vernova Signs Services Deal for Five Gas Turbines in Egypt
• Neutral Sentiment: Chief Executive Scott Strazik said GE Vernova is preparing for unprecedented electricity demand from AI and data centers, while highlighting potential international work involving Venezuela’s energy infrastructure and Ukraine’s nuclear assets. These opportunities remain dependent on execution and geopolitical conditions. GE Vernova CEO on Energy Demand and Economic Stability
• Negative Sentiment: Analysts caution that the stock appears overbought after its strong run, with valuation risks potentially offsetting the company’s powerful demand and backlog trends. One recent assessment initiated a Hold rating. GE Vernova: Overbought Risks Negate Outsized Demand and Backlog Trends
• Negative Sentiment: Investors are questioning backlog quality, manufacturing capacity, customer deposits and future service margins. Wind-related losses and execution challenges could limit how much of the headline backlog becomes profitable earnings. GE Vernova Falls as $200 Billion Backlog Test Approaches

GE Vernova Stock Up 0.4%

GEV stock opened at $955.18 on Friday. The stock has a market capitalization of $254.39 billion, a P/E ratio of 27.34, a P/E/G ratio of 4.42 and a beta of 1.15. 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 1-year low of $530.16 and a 1-year high of $1,195.94. The business has a fifty day moving average price of $972.73 and a 200-day moving average price of $988.68.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). The business had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The company's quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the business earned $1.86 earnings per share. Equities analysts forecast that GE Vernova Inc. will post 15.36 earnings per share for the current fiscal year.

GE Vernova Company Profile

GE Vernova Inc NYSE: GEV is an energy technology company that provides equipment, software and services for electricity generation, transmission and distribution. Its portfolio is designed to support power systems across a range of energy sources, including natural gas, nuclear, hydroelectric, wind and solar power, as well as battery storage.

The company operates through three primary businesses: Power, Wind and Electrification. Power supplies gas and steam turbines, generators, nuclear power technologies, hydroelectric equipment and related maintenance services.

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