National Pension Service Increases Stock Holdings in GE Vernova Inc. $GEV

Key Points

• National Pension Service increased its GE Vernova stake by 3% in the second quarter, bringing its holdings to 564,585 shares valued at approximately $663.3 million. Other major institutions, including BlackRock and State Street, also reported significant positions.
• GE Vernova shares opened at $951.90 after falling 2%, with the stock trading below its 50-day moving average. The company reported $2.47 in quarterly EPS, missing estimates of $3.17, although revenue rose 21.9% year over year to $11.1 billion and exceeded expectations.
• Wall Street remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $1,155.28. Analysts cited continued power-generation and data-center electricity demand, though losses in the wind business remain a potential concern.

National Pension Service grew its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 564,585 shares of the company's stock after acquiring an additional 16,218 shares during the quarter. National Pension Service owned about 0.21% of GE Vernova worth $663,308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GEV. California State Teachers Retirement System increased its stake in GE Vernova by 116,092.4% during the second quarter. California State Teachers Retirement System now owns 483,330,355 shares of the company's stock worth $567,845,501,000 after acquiring an additional 482,914,381 shares during the last quarter. Auto Owners Insurance Co raised 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 valued at $2,278,224,000 after purchasing an additional 34,826,773 shares during the period. BlackRock Inc. acquired a new position in shares of GE Vernova during the second quarter worth about $25,569,630,000. State Street Corp boosted 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 worth $7,496,232,000 after buying an additional 231,392 shares during the period. Finally, Geode Capital Management LLC boosted its position 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 buying an additional 68,894 shares during the period.

GE Vernova Trading Down 2.0%

NYSE:GEV opened at $951.90 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94. The business's 50-day simple moving average is $1,006.09 and its 200 day simple moving average is $982.37. The stock has a market cap of $253.52 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 4.52 and a beta of 1.15.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 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 business had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.79 billion. During the same period in the prior year, the company posted $1.86 EPS. The company's revenue for the quarter was up 21.9% on a year-over-year basis. As a group, sell-side analysts predict that GE Vernova Inc. will post 15.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GEV shares. Jefferies Financial Group reiterated a "buy" rating on shares of GE Vernova in a report on Monday, July 27th. Mizuho upped their price target on GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Sanford C. Bernstein increased their price objective on shares of GE Vernova from $1,206.00 to $1,298.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Royal Bank Of Canada lifted their price objective on shares of 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. Finally, Guggenheim boosted their target price on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,155.28.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: Analysts maintain a consensus rating of “Moderate Buy” on GE Vernova, indicating that Wall Street generally remains constructive on the company’s long-term earnings and power-generation outlook. GE Vernova Inc. Given Consensus Rating of Moderate Buy by Analysts
• Positive Sentiment: GE Vernova continues to benefit from investor interest in rising electricity demand from artificial-intelligence data centers. Its established industrial business is viewed as a less speculative way to participate in the power-infrastructure buildout than early-stage nuclear developers. Jim Cramer Weighs In on GE Vernova and NuScale Power
• Positive Sentiment: Recent commentary identifies GE Vernova as one of the stocks that may be positioned to perform relatively well in a higher-rate environment, reflecting expectations that its potential returns and demand outlook can offset higher financing costs. The stock has also outperformed the Dow over the past year. 3 Stocks Built for Higher Rates—and 2 That Could Break Is GE Vernova Stock Outperforming the Dow?
• Neutral Sentiment: Coverage of the nuclear renaissance highlights opportunities for companies that supply adjacent infrastructure and equipment, potentially supporting GE Vernova’s broader power-generation exposure, although the article does not announce a new contract or financial impact for the company. Construction Firms Powering the Nuclear Renaissance
• Negative Sentiment: GE Vernova’s stock fell more than the general market in the latest session, suggesting broad risk-off trading or profit-taking weighed on the shares. Commentary also continues to flag losses in the wind business, a potential drag on sentiment despite strength in other operations. GE Vernova Suffers a Larger Drop Than the General Market Jim Cramer Weighs In on GE Vernova and NuScale Power

About GE Vernova

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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