Jones Financial Companies Lllp Has $274.86 Million Stock Position in GE Vernova Inc. $GEV

Jones Financial Companies Lllp lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 13.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 233,947 shares of the company’s stock after purchasing an additional 26,890 shares during the quarter. Jones Financial Companies Lllp’s holdings in GE Vernova were worth $274,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GEV. Fiduciary Financial Advisors bought a new position in GE Vernova in the second quarter worth $694,000. Manning & Napier Advisors LLC increased its holdings in 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 during the period. L2 Asset Management LLC raised its stake 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. Vega Investment Solutions raised its stake in shares of GE Vernova by 1,425.7% in the 2nd quarter. Vega Investment Solutions now owns 10,985 shares of the company’s stock valued at $12,379,000 after buying an additional 10,265 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC lifted its holdings in shares of GE Vernova by 57.9% during the 2nd quarter. Twin Peaks Wealth Advisors LLC now owns 477 shares of the company’s stock worth $560,000 after acquiring an additional 175 shares during the period.

Insider Activity at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was 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 in the company, valued at approximately $1,739,726.80. This trade represents a 72.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.21% of the company’s stock.

Key Headlines Impacting 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

GE Vernova Stock Performance

NYSE:GEV opened at $953.44 on Friday. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The firm has a 50 day moving average of $1,035.81 and a 200-day moving average of $974.80. 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 stock has a market capitalization of $253.93 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 3.42 and a beta of 1.21.

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

Analyst Ratings Changes

A number of research firms recently weighed in on GEV. Jefferies Financial Group reissued a “buy” rating on shares of GE Vernova in a research note on Monday, July 27th. Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Guggenheim upped their price objective on GE Vernova from $1,300.00 to $1,450.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada increased their target price on GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Vernova in a research note 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 issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.