Kayne Anderson Capital Advisors LP Has $6.87 Million Stake in GE Vernova Inc. $GEV

Kayne Anderson Capital Advisors LP reduced its stake in shares of GE Vernova Inc. (NYSE:GEV) by 15.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,845 shares of the company’s stock after selling 1,028 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in GE Vernova were worth $6,867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cornerstone Financial Management LLC bought a new position in shares of GE Vernova in the 4th quarter valued at approximately $25,000. Wealth Watch Advisors INC bought a new stake in GE Vernova during the third quarter worth approximately $25,000. Torren Management LLC bought a new stake in GE Vernova during the fourth quarter worth approximately $26,000. Manning & Napier Advisors LLC grew its holdings in GE Vernova by 68.4% during the first 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 last quarter. Finally, Navalign LLC acquired a new position in GE Vernova during the fourth quarter valued at approximately $27,000.

GE Vernova Stock Down 1.7%

Shares of GEV stock opened at $925.74 on Wednesday. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The firm has a market cap of $246.55 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 3.39 and a beta of 1.21. The stock has a 50 day moving average of $1,040.83 and a 200-day moving average of $972.03.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data 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 company had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. During the same quarter in the previous year, the business posted $1.86 EPS. The company’s revenue was up 21.9% on a year-over-year basis. On average, equities analysts predict that GE Vernova Inc. will post 15.46 EPS for the current year.

More GE Vernova News

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

• Positive Sentiment: GE Vernova introduced a medium-voltage uninterruptible power supply designed for AI data centers and other power-intensive facilities. The product addresses the need for reliable power amid rapidly rising and uneven AI workloads, potentially expanding GEV’s Electrification opportunity. GE Vernova Introduces Medium-Voltage UPS for AI Data Centers
• Positive Sentiment: GE Vernova may offer a faster solution to the AI power bottleneck as gas-turbine orders are reportedly backed up through 2031. Its equipment could help data centers manage steeply fluctuating electricity demand, supporting demand visibility for the Power and Electrification businesses. GE Vernova Offers Quick Solution To AI’s Power Turbine Quandary
• Positive Sentiment: GE Vernova was selected as a technology partner for stage three of Australia’s Queensland Supernode battery-storage project. The award strengthens its utility-scale battery and grid-connectivity credentials, while the project’s regulatory approval reduces development uncertainty. GE Vernova to supply technology for stage three of Supernode BESS project
• Positive Sentiment: Analyst commentary highlighted GEV’s backlog, customer-funded capacity expansion and exposure to both grid infrastructure and gas power. Data-center orders and expected Electrification growth could support improving margins and earnings. GE Vernova: The Grid-And-Gas Bottleneck Is Becoming A Margin Flywheel
• Neutral Sentiment: GE Vernova and American Electric Power were both identified as beneficiaries of AI-driven electricity demand and U.S. grid investment, but the comparison does not represent a new contract or financial forecast. GE Vernova vs. American Electric Power: Which Power Stock Has the Edge?
• Negative Sentiment: Despite the favorable demand narrative, GEV trades at a demanding valuation. Its latest quarterly EPS fell short of consensus, leaving investors focused on whether strong revenue growth, backlog conversion and margin expansion can justify the premium.

Insiders Place Their Bets

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 1,835 shares of the company’s stock, valued at $1,739,726.80. This represents a 72.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GEV. Zacks Research cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Mizuho raised their target price on shares of GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of GE Vernova from $1,302.00 to $1,330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Royal Bank Of Canada boosted their target price on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. 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-two have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,133.15.

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.