Proficio Capital Partners LLC Invests $1.70 Million in GE Vernova Inc. $GEV

Proficio Capital Partners LLC purchased a new position in GE Vernova Inc. (NYSE:GEV - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,448 shares of the company's stock, valued at approximately $1,701,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEV. Wealth Watch Advisors INC acquired a new position in shares of GE Vernova in the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of GE Vernova during the 4th quarter valued at approximately $25,000. Torren Management LLC bought a new position in GE Vernova during the fourth quarter worth $26,000. Manning & Napier Advisors LLC lifted its stake in GE Vernova by 68.4% during the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company's stock worth $26,000 after purchasing an additional 13 shares during the last quarter. Finally, Navalign LLC acquired a new position in GE Vernova in the fourth quarter worth $27,000.

Insider Activity at GE Vernova

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the business's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the sale, the chief executive officer directly owned 1,835 shares in the company, valued at approximately $1,739,726.80. The trade was a 72.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GEV. Guggenheim increased 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 report on Thursday, July 23rd. TD Cowen boosted their price objective on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Morgan Stanley cut shares of GE Vernova from an "overweight" rating to an "underweight" rating in a report on Monday, August 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Vernova in a report on Tuesday, July 21st. Finally, Mizuho raised 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. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,133.15.

Key Headlines 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 Trading Down 4.4%

Shares of GEV stock opened at $912.32 on Friday. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The firm has a market capitalization of $242.98 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 3.43 and a beta of 1.21. The stock has a fifty day moving average of $1,031.82 and a two-hundred day moving average of $974.36. 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 (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). The business had revenue of $11.10 billion for 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%. GE Vernova's revenue for the quarter was up 21.9% on a year-over-year basis. During the same period last year, the business posted $1.86 earnings per share. As a group, research analysts expect that GE Vernova Inc. will post 15.46 EPS for the current year.

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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