Navellier & Associates Inc. Has $12.84 Million Stake in GE Vernova Inc. $GEV

Key Points

• Navellier & Associates increased its GE Vernova stake by 28.3% in the second quarter, bringing its holdings to 10,925 shares valued at approximately $12.84 million.
• GE Vernova reported quarterly revenue of $11.10 billion, up 21.9% year over year and above estimates, but earnings of $2.47 per share missed the $3.17 consensus forecast.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $1,133.15 price target, while grid contracts and HVDC opportunities support growth; a CFO transition adds near-term uncertainty.

Navellier & Associates Inc. raised its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 28.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,925 shares of the company's stock after purchasing an additional 2,410 shares during the quarter. GE Vernova accounts for about 1.0% of Navellier & Associates Inc.'s investment portfolio, making the stock its 22nd biggest position. Navellier & Associates Inc.'s holdings in GE Vernova were worth $12,835,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in GEV. Onyx Bridge Wealth Group LLC grew its position in GE Vernova by 1.3% during the first quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company's stock worth $635,000 after buying an additional 9 shares in the last quarter. Red Door Wealth Management LLC raised its holdings in GE Vernova by 0.6% in the 1st quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company's stock valued at $1,548,000 after acquiring an additional 10 shares in the last quarter. Advance Capital Management Inc. raised its holdings in GE Vernova by 2.2% in the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company's stock valued at $402,000 after acquiring an additional 10 shares in the last quarter. Alpha Financial Partners LLC lifted its position in shares of GE Vernova by 2.0% in the 1st quarter. Alpha Financial Partners LLC now owns 514 shares of the company's stock worth $449,000 after acquiring an additional 10 shares during the period. Finally, Sandy Cove Advisors LLC lifted its position in shares of GE Vernova by 2.6% in the 2nd quarter. Sandy Cove Advisors LLC now owns 389 shares of the company's stock worth $457,000 after acquiring an additional 10 shares during the period.

GE Vernova Trading Up 0.0%

Shares of GEV opened at $912.32 on Monday. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $1,031.82 and a 200-day simple moving average of $975.58. The stock has a market cap of $242.98 billion, a PE ratio of 26.11, a PEG ratio of 3.28 and a beta of 1.21.

GE Vernova (NYSE:GEV - Get Free Report) last posted its 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 company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.GE Vernova's quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 EPS. On average, sell-side analysts predict that GE Vernova Inc. will post 15.46 EPS for the current fiscal year.

More GE Vernova News

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on GEV. Weiss Ratings reissued a "buy (b)" rating on shares of GE Vernova in a report on Tuesday, July 21st. BMO Capital Markets reaffirmed an "outperform" rating on shares of GE Vernova in a research report on Friday, August 7th. Mizuho lifted their price target on shares of GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Wall Street Zen lowered shares of GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Finally, Oppenheimer increased their price objective on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,133.15.

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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