Andra AP fonden Cuts Holdings in GE Vernova Inc. $GEV

Andra AP fonden trimmed its position in GE Vernova Inc. (NYSE:GEV) by 13.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,808 shares of the company’s stock after selling 2,640 shares during the quarter. Andra AP fonden’s holdings in GE Vernova were worth $19,747,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in GE Vernova by 3.3% during the second quarter. State Street Corp now owns 11,765,340 shares of the company’s stock valued at $13,828,380,000 after buying an additional 370,842 shares during the last quarter. Silicon Valley Capital Partners increased its stake in GE Vernova by 2,636.9% in the 2nd quarter. Silicon Valley Capital Partners now owns 11,057 shares of the company’s stock worth $12,991,000 after acquiring an additional 10,653 shares during the last quarter. Security National Bank of SO Dak purchased a new stake in shares of GE Vernova during the 2nd quarter worth approximately $52,000. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of GE Vernova during the 2nd quarter worth approximately $74,000. Finally, Anchor Investment Management LLC raised its holdings in shares of GE Vernova by 31.0% during the 2nd quarter. Anchor Investment Management LLC now owns 2,109 shares of the company’s stock worth $2,478,000 after acquiring an additional 499 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Guggenheim raised 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 report on Thursday, July 23rd. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research note on Monday, August 3rd. Glj Research began coverage on shares of GE Vernova in a research report on Monday, September 14th. They set a “sell” rating and a $470.00 price objective for the company. Jefferies Financial Group reissued a “buy” rating on shares of GE Vernova in a research note on Thursday, September 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GE Vernova in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,145.83.

Key GE Vernova News

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

• Positive Sentiment: CEO Scott Strazik said GE Vernova’s backlog is on track to reach $200 billion in very early 2027, earlier than many investors expected. The backlog was recently reported at approximately $176 billion, signaling strong demand for gas power, grid equipment, and other energy infrastructure. GE Vernova CEO says $200B backlog target now on track for very early 2027
• Positive Sentiment: The company’s multiyear backlog provides revenue visibility and could help protect GE Vernova from temporary economic weakness or higher interest rates. Analysts have also continued raising price targets, with one report citing a consensus target near $1,237. Wall Street Just Got More Bullish on GE Vernova
• Positive Sentiment: International nuclear expansion, including potential South Korean assistance with U.S. reactor construction, supports the broader market for GE Vernova’s power-generation and grid businesses. International Alliances Fuel US Nuclear Growth
• Neutral Sentiment: Wall Street’s valuation outlook remains exceptionally wide, with published price targets ranging from $470 to $1,450. The gap reflects disagreement over how much of GE Vernova’s backlog and energy-transition growth is already reflected in the shares. Wall Street Cannot Agree on GE Vernova
• Negative Sentiment: Erste Group Bank lowered its FY2027 EPS estimate, adding a near-term earnings risk. GE Vernova also recently missed quarterly EPS expectations despite exceeding revenue estimates, underscoring the need for backlog growth to translate into consistent profitability. FY2027 EPS Estimates for GE Vernova Cut by Erste Group Bank

GE Vernova Trading Up 0.6%

Shares of NYSE GEV traded up $5.96 during midday trading on Tuesday, hitting $952.18. The company’s stock had a trading volume of 1,080,348 shares, compared to its average volume of 2,689,906. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The firm has a market cap of $253.59 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 4.37 and a beta of 1.15. The business’s 50 day moving average is $978.71 and its two-hundred day moving average is $985.80.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data 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 business had revenue of $11.10 billion for the quarter, compared to analysts’ expectations 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 was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 EPS. As a group, equities research analysts expect that GE Vernova Inc. will post 15.36 EPS for the current year.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company that provides equipment, software and services for electricity generation, transmission and distribution. Its portfolio is designed to support power systems across a range of energy sources, including natural gas, nuclear, hydroelectric, wind and solar power, as well as battery storage.

The company operates through three primary businesses: Power, Wind and Electrification. Power supplies gas and steam turbines, generators, nuclear power technologies, hydroelectric equipment and related maintenance services.