GE Vernova Inc. $GEV Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 35.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 600,413 shares of the company’s stock after purchasing an additional 158,610 shares during the quarter. Canada Pension Plan Investment Board’s holdings in GE Vernova were worth $705,401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Castleark Management LLC increased its stake in GE Vernova by 11.1% in the second quarter. Castleark Management LLC now owns 46,101 shares of the company’s stock valued at $54,162,000 after purchasing an additional 4,612 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of GE Vernova by 13.0% during the 2nd quarter. Jones Financial Companies Lllp now owns 233,947 shares of the company’s stock worth $274,855,000 after buying an additional 26,890 shares during the last quarter. Fiduciary Financial Advisors purchased a new stake in shares of GE Vernova during the 2nd quarter worth approximately $694,000. Manning & Napier Advisors LLC boosted its holdings in shares of GE Vernova by 284.4% in the 2nd quarter. Manning & Napier Advisors LLC now owns 123 shares of the company’s stock valued at $136,000 after buying an additional 91 shares in the last quarter. Finally, L2 Asset Management LLC boosted its holdings in shares of GE Vernova by 5.4% in the 2nd quarter. L2 Asset Management LLC now owns 1,534 shares of the company’s stock valued at $1,802,000 after buying an additional 79 shares in the last quarter.

Wall Street Analyst Weigh In

GEV has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $1,302.00 to $1,330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Sanford C. Bernstein upped their target price on GE Vernova from $1,206.00 to $1,298.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada upped their target price on GE Vernova from $1,195.00 to $1,225.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley lowered GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued 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 an average rating of “Moderate Buy” and a consensus target price of $1,133.15.

GE Vernova News Summary

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

• Positive Sentiment: HVDC joint venture expands growth prospects: GE Vernova announced a partnership with South Korea’s LS Electric to pursue voltage-source-converter HVDC projects. The venture could strengthen GEV’s position in a fast-growing market driven by grid modernization, renewable-power integration and rising electricity demand. GE Vernova’s New JV Could Unlock its Next Big Growth Engine
• Positive Sentiment: New U.K. grid contract adds backlog: GE Vernova was selected to supply a 400-kilovolt gas-insulated switchgear substation in Chesterfield, England, as part of National Grid’s Great Grid Upgrade. The award reinforces demand for GEV’s transmission equipment and exposure to long-term grid investment. GE Vernova secures 400 kV substation contract for UK grid upgrade
• Positive Sentiment: Demand outlook remains constructive: Recent coverage argues that GE Vernova’s businesses may be sold out through 2030, while AI-related data-center electricity demand and broader power shortages could support future orders. These themes bolster the long-term growth case, although they are largely forward-looking. GE Vernova: Sold Out Through 2030 Can AI Power Demand Drive Growth?
• Neutral Sentiment: Positive media commentary offers limited direct support: Jim Cramer continues to view GEV favorably because of its nuclear exposure and delivery visibility, but the commentary does not represent a change in earnings guidance or fundamentals. GE Vernova Isn’t A Great Short, Jim Cramer Said
• Negative Sentiment: CFO succession creates near-term uncertainty: GE Vernova’s announcement of a CFO transition may prompt investors to seek clarity on financial controls, capital allocation and execution. The move also coincided with Rivian’s CFO departing to join GEV, highlighting the leadership change but not necessarily signaling an operational problem. GE Vernova Announces CFO Transition and Leadership Succession

Insider Transactions at GE Vernova

In related news, CEO Victor Abate sold 4,819 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.21% of the stock is owned by corporate insiders.

GE Vernova Price Performance

Shares of NYSE GEV opened at $912.32 on Friday. The company has a market cap of $242.98 billion, a PE ratio of 26.11, a P/E/G ratio of 3.43 and a beta of 1.21. 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 1-year low of $530.16 and a 1-year high of $1,195.94. The stock has a fifty day moving average price of $1,031.82 and a 200 day moving average price of $974.36.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). The firm had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The firm’s revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the business posted $1.86 EPS. Sell-side analysts forecast that GE Vernova Inc. will post 15.46 EPS for the current year.

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.