Hollencrest Capital Management Lowers Stake in GE Vernova Inc. $GEV

Key Points

• Hollencrest Capital Management cut its GE Vernova stake by 68.3% in the second quarter, selling 3,621 shares and retaining 1,678 shares valued at approximately $1.97 million.
• GE Vernova reported quarterly EPS of $2.47, below the $3.17 consensus estimate, despite revenue of $11.10 billion that exceeded forecasts and rose 21.9% year over year.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,133.15, while new grid projects and HVDC partnerships support the company’s long-term growth outlook.

Hollencrest Capital Management lowered its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 68.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,678 shares of the company's stock after selling 3,621 shares during the quarter. Hollencrest Capital Management's holdings in GE Vernova were worth $1,971,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GEV. Auto Owners Insurance Co lifted its holdings in GE Vernova by 110,973.4% during the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company's stock valued at $2,278,224,000 after purchasing an additional 34,826,773 shares in the last quarter. BlackRock Inc. acquired a new position in shares of GE Vernova during the second quarter valued at approximately $25,569,630,000. State Street Corp lifted its position in shares of GE Vernova by 2.1% in the fourth quarter. State Street Corp now owns 11,469,670 shares of the company's stock valued at $7,496,232,000 after acquiring an additional 231,392 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of GE Vernova by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 6,249,193 shares of the company's stock worth $4,074,039,000 after acquiring an additional 68,894 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of GE Vernova by 12.8% during the fourth quarter. Morgan Stanley now owns 6,054,474 shares of the company's stock worth $3,957,024,000 after buying an additional 685,466 shares in the last quarter.

GE Vernova Price Performance

GEV stock opened at $912.32 on Monday. The business has a fifty day moving average of $1,031.82 and a two-hundred day moving average of $975.58. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The stock has a market cap of $242.98 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 3.28 and a beta of 1.21. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94.

GE Vernova (NYSE:GEV - Get Free Report) last announced 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). The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business's revenue for the quarter was up 21.9% on a year-over-year basis. During the same period last year, the company earned $1.86 EPS. As a group, research analysts anticipate that GE Vernova Inc. will post 15.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Mizuho increased their price objective on shares of GE Vernova from $913.00 to $949.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Guggenheim boosted their price objective on GE Vernova from $1,300.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Royal Bank Of Canada raised their target price on GE Vernova from $1,195.00 to $1,225.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Jefferies Financial Group reiterated a "buy" rating on shares of GE Vernova in a report on Monday, July 27th. Finally, William Blair reissued an "outperform" rating on shares of GE Vernova in a report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, GE Vernova has a consensus rating of "Moderate Buy" and a consensus target price of $1,133.15.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: HVDC joint venture expands growth prospects: GE Vernova announced a partnership with South Korea’s LS Electric to pursue voltage-source-converter HVDC projects. The venture could strengthen GEV’s position in a fast-growing market driven by grid modernization, renewable-power integration and rising electricity demand. GE Vernova’s New JV Could Unlock its Next Big Growth Engine
• Positive Sentiment: New U.K. grid contract adds backlog: GE Vernova was selected to supply a 400-kilovolt gas-insulated switchgear substation in Chesterfield, England, as part of National Grid’s Great Grid Upgrade. The award reinforces demand for GEV’s transmission equipment and exposure to long-term grid investment. GE Vernova secures 400 kV substation contract for UK grid upgrade
• Positive Sentiment: Demand outlook remains constructive: Recent coverage argues that GE Vernova’s businesses may be sold out through 2030, while AI-related data-center electricity demand and broader power shortages could support future orders. These themes bolster the long-term growth case, although they are largely forward-looking. GE Vernova: Sold Out Through 2030 Can AI Power Demand Drive Growth?
• Neutral Sentiment: Positive media commentary offers limited direct support: Jim Cramer continues to view GEV favorably because of its nuclear exposure and delivery visibility, but the commentary does not represent a change in earnings guidance or fundamentals. GE Vernova Isn’t A Great Short, Jim Cramer Said
• Negative Sentiment: CFO succession creates near-term uncertainty: GE Vernova’s announcement of a CFO transition may prompt investors to seek clarity on financial controls, capital allocation and execution. The move also coincided with Rivian’s CFO departing to join GEV, highlighting the leadership change but not necessarily signaling an operational problem. GE Vernova Announces CFO Transition and Leadership Succession

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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