Formuepleje A S Purchases Shares of 1,685 GE Vernova Inc. $GEV

Formuepleje A S acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,685 shares of the company’s stock, valued at approximately $1,980,000.

Several other large investors have also recently added to or reduced their stakes in GEV. California State Teachers Retirement System raised its stake in shares of 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 valued at $567,845,501,000 after purchasing an additional 482,914,381 shares in the last quarter. Auto Owners Insurance Co grew its position in GE Vernova by 110,973.4% in the 4th quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock valued at $2,278,224,000 after buying an additional 34,826,773 shares in the last quarter. BlackRock Inc. bought a new position in GE Vernova in the 2nd quarter valued at about $25,569,630,000. Norges Bank acquired a new position in GE Vernova during the 4th quarter valued at about $2,283,114,000. Finally, Bank of America Corp DE acquired a new position in GE Vernova during the 2nd quarter valued at about $2,961,612,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GEV. Guggenheim upped their price target on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Jefferies Financial Group reissued a “buy” rating on shares of GE Vernova in a report on Monday, July 27th. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research note on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Vernova in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada boosted their price objective on GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,155.28.

GE Vernova Stock Up 0.2%

NYSE GEV opened at $943.58 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. The company’s 50 day simple moving average is $1,016.92 and its 200 day simple moving average is $979.58. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The company has a market capitalization of $251.30 billion, a P/E ratio of 27.01, a PEG ratio of 4.38 and a beta of 1.15.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share 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 the consensus estimate of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.86 earnings per share. Equities research analysts expect that GE Vernova Inc. will post 15.36 earnings per share for the current fiscal year.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: GE Vernova signed an agreement to supply wind turbines for ESB’s Chleansaid wind farm in Scotland, adding to its renewable-energy order pipeline and reinforcing demand for its equipment. GE Vernova signs agreement to supply turbines for ESB wind farm in Scotland
• Positive Sentiment: A deal with Venezuela is expected to help stabilize the country’s deteriorating power grid within six to 12 months. The project could create equipment, services and maintenance opportunities while expanding GE Vernova’s international presence. Market Chatter: GE Vernova Deal Aims to Stabilize Venezuela Power Grid
• Positive Sentiment: GE Vernova is participating with Studsvik, GE Vernova Hitachi and Samsung C&T in advancing a Swedish nuclear-power project. Nuclear demand is attracting investor attention as data centers and AI require reliable, low-carbon electricity. Companies advance Swedish nuclear power project
• Positive Sentiment: An investor analysis highlighted GE Vernova’s 116 gigawatts of gas-turbine equipment in backlog and slot reservations, with at least 125 gigawatts expected under contract by year-end. Capacity expansion and recurring service revenue support the long-term growth case. GE Vernova company overview
• Neutral Sentiment: GE Vernova recently outperformed the broader market in a session, reflecting enthusiasm over Venezuela grid-repair plans and the company’s exposure to AI-related power demand. However, the move followed volatility since June as investors reassessed the sustainability of the AI infrastructure boom. GE Vernova outperforms the stock market
• Negative Sentiment: Erste Group Bank lowered its fiscal 2027 EPS forecast, while analysts continue to question whether GE Vernova can convert its substantial orders into higher margins. Those concerns may limit upside after the stock’s strong longer-term rally. GE Vernova FY2027 EPS forecast decreased

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.