Public Employees Retirement System of Ohio Acquires New Position in GE Vernova Inc. $GEV

Key Points

• Public Employees Retirement System of Ohio acquired 115,185 GE Vernova shares during the second quarter, valued at approximately $135.3 million, while other institutional investors also initiated or increased positions.
• GE Vernova reported quarterly revenue of $11.10 billion, up 21.9% year over year, but earnings of $2.47 per share missed analysts’ $3.17 estimate. Shares opened at $912.32, down 4.4%.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $1,133.15, although recent downgrades and a CFO transition introduce some uncertainty.

Public Employees Retirement System of Ohio acquired a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 115,185 shares of the company's stock, valued at approximately $135,326,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cornerstone Financial Management LLC purchased a new stake in shares of GE Vernova during the 4th quarter worth approximately $25,000. Wealth Watch Advisors INC purchased a new position in GE Vernova in the 3rd quarter valued at approximately $25,000. Torren Management LLC acquired a new position in GE Vernova during the fourth quarter worth $26,000. Manning & Napier Advisors LLC raised its holdings 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 purchased a new stake in GE Vernova during the fourth quarter worth $27,000.

GE Vernova Stock Down 4.4%

Shares of NYSE GEV 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's 50 day moving average price is $1,031.82 and its 200 day moving average price is $974.36. The firm has a market cap of $242.98 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 3.28 and a beta of 1.21. 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 released 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 firm had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The firm's revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 earnings per share. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 15.46 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GEV shares. Wall Street Zen cut GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. William Blair restated an "outperform" rating on shares of GE Vernova in a report on Monday, August 3rd. TD Cowen lifted their target price on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. BMO Capital Markets reaffirmed an "outperform" rating on shares of GE Vernova in a report on Friday, August 7th. Finally, Morgan Stanley lowered shares of GE Vernova from an "overweight" rating to an "underweight" rating in a research 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 assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and an average price target of $1,133.15.

GE Vernova News Roundup

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

Insider Activity

In other news, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction on Monday, June 1st. The stock was sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the sale, the chief executive officer owned 1,835 shares of the company's stock, valued at $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

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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