W1M Asset Management Ltd Buys 4,342 Shares of GE Vernova Inc. $GEV

Key Points

• W1M Asset Management increased its GE Vernova stake by 4,342 shares, bringing its holdings to 465,513 shares valued at approximately $546.6 million and representing 5% of the firm’s portfolio.
• GE Vernova reported 21.9% year-over-year revenue growth to $11.1 billion, but quarterly EPS of $2.47 fell short of the $3.17 analyst consensus.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $1,133.15 price target, although CEO Victor Abate recently sold 4,819 shares and Morgan Stanley downgraded the stock to “underweight.”

W1M Asset Management Ltd boosted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 465,513 shares of the company's stock after buying an additional 4,342 shares during the quarter. GE Vernova accounts for about 5.0% of W1M Asset Management Ltd's holdings, making the stock its 4th biggest holding. W1M Asset Management Ltd owned approximately 0.17% of GE Vernova worth $546,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

GE Vernova Trading Up 3.1%

GEV opened at $955.61 on Thursday. The business has a fifty day moving average price of $1,038.97 and a 200 day moving average price of $973.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The stock has a market capitalization of $254.51 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 3.33 and a beta of 1.21.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.17 by ($0.70). The company 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%. GE Vernova's revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 EPS. Sell-side analysts expect that GE Vernova Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Activity at GE Vernova

In related news, CEO Victor Abate sold 4,819 shares of the company's stock in a transaction that occurred on 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. This represents a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Guggenheim raised their price target on 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. Morgan Stanley downgraded GE Vernova from an "overweight" rating to an "underweight" rating in a report on Monday, August 3rd. Jefferies Financial Group reissued a "buy" rating on shares of GE Vernova in a research note on Monday, July 27th. BMO Capital Markets restated an "outperform" rating on shares of GE Vernova in a report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Vernova in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,133.15.

More GE Vernova News

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

• Positive Sentiment: GE Vernova and South Korea’s LS Electric plan to launch a joint venture focused on the high-voltage direct current (HVDC) market. The partnership could expand GEV’s exposure to long-distance power transmission and grid infrastructure projects, which are expected to benefit from rising electricity demand. GE Vernova, Korea's LS Electric to launch joint venture targeting HVDC market
• Positive Sentiment: Analysts and market commentary continue to identify GE Vernova as a potential major beneficiary of the AI power boom. Its growing orders and backlog in gas turbines, grid equipment and electrification products position the company to supply power for data centers and broader grid upgrades. Is GE Vernova Emerging as a Key Beneficiary of the AI Power Boom?
• Positive Sentiment: GE Vernova may offer near-term solutions to data centers facing long waits for gas turbines, with demand reportedly booked out through 2031. This reinforces the company’s strategic importance as data-center operators seek reliable power capacity. GE Vernova Offers Quick Solution To AI's Power Turbine Quandary
• Neutral Sentiment: GE Vernova and American Electric Power are both positioned to benefit from increased electricity demand, AI data centers and U.S. grid expansion, although the comparison does not establish a clear near-term advantage for GEV. GE Vernova vs. American Electric Power: Which Power Stock Has the Edge?
• Negative Sentiment: Jim Cramer warned that political and community backlash over data-center electricity consumption could slow hyperscaler projects and soften GE Vernova’s order book. Any reduction in new data-center commitments would pose a risk to the company’s growth outlook. Jim Cramer Says GE Vernova Order Book Might Have Gotten Soft

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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