Sanctuary Advisors LLC Buys 751 Shares of GE Vernova Inc. $GEV

Sanctuary Advisors LLC raised its stake in shares of GE Vernova Inc. (NYSE:GEV) by 1.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 77,857 shares of the company’s stock after buying an additional 751 shares during the quarter. Sanctuary Advisors LLC’s holdings in GE Vernova were worth $91,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GEV. Cornerstone Financial Management LLC bought a new stake in shares of GE Vernova in the fourth quarter worth $25,000. Wealth Watch Advisors INC purchased a new position in GE Vernova in the third quarter worth about $25,000. Torren Management LLC purchased a new position in GE Vernova in the fourth quarter worth about $26,000. Manning & Napier Advisors LLC grew its stake in shares of GE Vernova by 68.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after purchasing an additional 13 shares during the period. Finally, Navalign LLC bought a new stake in shares of GE Vernova during the 4th quarter valued at about $27,000.

GE Vernova Stock Up 0.0%

GEV stock opened at $953.44 on Friday. The business’s 50-day moving average price is $1,035.81 and its 200-day moving average price is $974.80. The stock has a market cap of $253.93 billion, a P/E ratio of 27.29, a PEG ratio of 3.42 and a beta of 1.21. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month high of $1,195.94.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The firm had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. During the same period in the prior year, the company posted $1.86 earnings per share. The company’s revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts forecast that GE Vernova Inc. will post 15.46 EPS for the current year.

Insider Buying and Selling at GE Vernova

In other GE Vernova 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 value of $4,568,797.52. Following the completion of the transaction, the chief executive officer directly owned 1,835 shares in the company, valued at $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by insiders.

Trending Headlines about GE Vernova

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

• Positive Sentiment: HVDC joint venture expands growth opportunity: GE Vernova and South Korea’s LS Electric plan to launch a joint venture targeting the high-voltage direct-current market. HVDC equipment is important for long-distance power transmission and grid expansion, potentially strengthening GEV’s exposure to data-center, renewable-energy and electrification projects. GE Vernova, Korea’s LS Electric to launch joint venture targeting HVDC market
• Positive Sentiment: UK grid contract supports backlog: GE Vernova was selected by Laing O’Rourke to supply a 400-kilovolt gas-insulated switchgear substation in England. The project is part of National Grid’s Great Grid Upgrade, providing another example of demand for GEV’s grid equipment. Financial terms were not disclosed, so the immediate earnings impact is uncertain. GE Vernova secures 400 kV substation contract for UK grid upgrade
• Positive Sentiment: AI power demand remains a bullish theme: Analysts highlighted GEV’s orders and backlog as evidence that the company could benefit from electricity demand tied to AI data centers, grid modernization and broader electrification. Is GE Vernova Emerging as a Key Beneficiary of the AI Power Boom?
• Neutral Sentiment: CFO succession announced: GE Vernova disclosed a transition involving Chief Financial Officer Kenneth Par… and a leadership-succession plan. An orderly handoff could limit disruption, but investors may monitor execution and any changes to financial guidance. GE Vernova Announces CFO Transition and Leadership Succession
• Negative Sentiment: Data-center backlash is a risk: Jim Cramer warned that political and community opposition to data-center electricity consumption could slow projects and soften GE Vernova’s order book, challenging part of the company’s AI-related growth narrative. Jim Cramer Says GE Vernova Order Book Might Have Gotten Soft

Analyst Ratings Changes

Several equities analysts have recently weighed in on GEV shares. Royal Bank Of Canada increased their price objective on shares of 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. Guggenheim boosted their target price on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Mizuho upped their target price on shares of GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a report on Friday, July 24th. William Blair reiterated an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of GE Vernova in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $1,133.15.

About GE Vernova

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.