Andra AP fonden Decreases Stock Holdings in GE Vernova Inc. $GEV

Andra AP fonden decreased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 13.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,808 shares of the company’s stock after selling 2,640 shares during the period. Andra AP fonden’s holdings in GE Vernova were worth $19,747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GEV. Cornerstone Financial Management LLC purchased a new stake in GE Vernova during the fourth quarter valued at $25,000. Manning & Napier Advisors LLC boosted its position in GE Vernova by 68.4% in 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. Commonwealth Retirement Investments LLC bought a new stake in shares of GE Vernova during the 4th quarter valued at about $30,000. Entelevest LLC bought a new stake in shares of GE Vernova during the 4th quarter valued at about $30,000. Finally, Parvin Asset Management LLC purchased a new stake in shares of GE Vernova during the 2nd quarter valued at about $32,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,298.00 price objective on shares of GE Vernova in a research note on Tuesday, September 15th. Mizuho raised their target price on GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Glj Research started coverage on GE Vernova in a report on Monday, September 14th. They set a “sell” rating and a $470.00 price target for the company. Jefferies Financial Group restated a “buy” rating on shares of GE Vernova in a research report on Thursday, September 17th. Finally, Guggenheim raised their price objective on 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. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,145.83.

More 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 Price Performance

Shares of NYSE GEV traded up $5.96 during mid-day trading on Tuesday, reaching $952.18. The company’s stock had a trading volume of 1,080,348 shares, compared to its average volume of 2,689,906. 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 52 week low of $530.16 and a 52 week high of $1,195.94. The stock has a fifty day moving average of $978.71 and a two-hundred day moving average of $985.80. The firm has a market capitalization of $253.59 billion, a PE ratio of 27.28, a P/E/G ratio of 4.37 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 (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. During the same period last year, the business posted $1.86 EPS. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 15.36 EPS for the current fiscal year.

GE Vernova 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.