HighTower Advisors LLC Lowers Holdings in GE Vernova Inc. $GEV

Key Points

• HighTower Advisors cut its GE Vernova stake by 4.5% in the second quarter, selling 7,989 shares and retaining 168,874 shares valued at approximately $198.4 million. Other major institutions, including BlackRock, Norges Bank and Bank of America, established or increased positions.
• GE Vernova reported strong revenue growth of 21.9% year over year to $11.10 billion, but quarterly EPS of $2.47 missed the $3.17 consensus estimate. Investors remain focused on the company’s sizable gas-turbine backlog, renewable-energy orders and potential nuclear and grid-repair opportunities.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $1,155.28, though Morgan Stanley downgraded the stock to underweight and concerns remain about margins and converting its backlog into earnings.

HighTower Advisors LLC reduced its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,874 shares of the company's stock after selling 7,989 shares during the quarter. HighTower Advisors LLC owned about 0.06% of GE Vernova worth $198,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System lifted its holdings in shares of GE Vernova by 116,092.4% in the 2nd quarter. California State Teachers Retirement System now owns 483,330,355 shares of the company's stock valued at $567,845,501,000 after acquiring an additional 482,914,381 shares during the last quarter. Auto Owners Insurance Co grew its position in GE Vernova by 110,973.4% in the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company's stock worth $2,278,224,000 after acquiring an additional 34,826,773 shares in the last quarter. BlackRock Inc. bought a new stake in GE Vernova during the second quarter worth approximately $25,569,630,000. Norges Bank bought a new stake in GE Vernova during the fourth quarter worth approximately $2,283,114,000. Finally, Bank of America Corp DE purchased a new stake in GE Vernova during the second quarter valued at approximately $2,961,612,000.

Key GE Vernova News

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%

GEV opened at $943.58 on Monday. The stock's fifty day moving average is $1,016.92 and its two-hundred day moving average is $979.58. The company has a market capitalization 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 Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21.

GE Vernova (NYSE:GEV - Get Free Report) last released 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). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.79 billion. During the same period last year, the company earned $1.86 earnings per share. The firm's revenue was up 21.9% compared to the same quarter last year. Analysts forecast that GE Vernova Inc. will post 15.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GEV. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Vernova in a report on Tuesday, July 21st. JPMorgan Chase & Co. increased their price target on GE Vernova from $1,302.00 to $1,330.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Morgan Stanley downgraded GE Vernova from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. Sanford C. Bernstein lifted their price objective on shares of GE Vernova from $1,206.00 to $1,298.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Finally, Mizuho boosted their price objective on shares of GE Vernova from $913.00 to $949.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,155.28.

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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