Saudi Central Bank Acquires 8,852 Shares of GE Vernova Inc. $GEV

Saudi Central Bank raised its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 88.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,867 shares of the company’s stock after acquiring an additional 8,852 shares during the quarter. Saudi Central Bank’s holdings in GE Vernova were worth $22,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Parvin Asset Management LLC bought a new position in GE Vernova in the 2nd quarter worth $32,000. Pingora Partners LLC bought a new stake in GE Vernova during the second quarter valued at about $36,000. Manning & Napier Advisors LLC increased 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 buying an additional 13 shares in the last quarter. IMG Wealth Management Inc. purchased a new stake in GE Vernova in the second quarter worth about $39,000. Finally, Miller Global Investments LLC raised its stake in shares of GE Vernova by 63.6% in the second quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock worth $42,000 after buying an additional 14 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GEV. Morgan Stanley downgraded GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Royal Bank Of Canada upped their price target 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. BMO Capital Markets restated an “outperform” rating on shares of GE Vernova in a research report on Friday, August 7th. Guggenheim lifted 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 research note on Thursday, July 23rd. Finally, Sanford C. Bernstein upped their target price on shares of GE Vernova from $1,206.00 to $1,298.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $1,155.28.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova signed an agreement to supply wind turbines for ESB’s Chleansaid wind farm in Scotland, adding to its renewable-energy order pipeline and reinforcing demand for its equipment. GE Vernova signs agreement to supply turbines for ESB wind farm in Scotland
• Positive Sentiment: A deal with Venezuela is expected to help stabilize the country’s deteriorating power grid within six to 12 months. The project could create equipment, services and maintenance opportunities while expanding GE Vernova’s international presence. Market Chatter: GE Vernova Deal Aims to Stabilize Venezuela Power Grid
• Positive Sentiment: GE Vernova is participating with Studsvik, GE Vernova Hitachi and Samsung C&T in advancing a Swedish nuclear-power project. Nuclear demand is attracting investor attention as data centers and AI require reliable, low-carbon electricity. Companies advance Swedish nuclear power project
• Positive Sentiment: An investor analysis highlighted GE Vernova’s 116 gigawatts of gas-turbine equipment in backlog and slot reservations, with at least 125 gigawatts expected under contract by year-end. Capacity expansion and recurring service revenue support the long-term growth case. GE Vernova company overview
• Neutral Sentiment: GE Vernova recently outperformed the broader market in a session, reflecting enthusiasm over Venezuela grid-repair plans and the company’s exposure to AI-related power demand. However, the move followed volatility since June as investors reassessed the sustainability of the AI infrastructure boom. GE Vernova outperforms the stock market
• Negative Sentiment: Erste Group Bank lowered its fiscal 2027 EPS forecast, while analysts continue to question whether GE Vernova can convert its substantial orders into higher margins. Those concerns may limit upside after the stock’s strong longer-term rally. GE Vernova FY2027 EPS forecast decreased

GE Vernova Stock Up 0.2%

NYSE GEV opened at $943.58 on Friday. The stock’s 50 day moving average is $1,016.92 and its 200 day moving average is $978.34. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The stock has a market cap of $251.30 billion, a PE ratio of 27.01, a P/E/G ratio of 4.38 and a beta of 1.15.

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 analysts’ consensus estimates of $3.17 by ($0.70). The company 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%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the business earned $1.86 earnings per share. Research analysts predict that GE Vernova Inc. will post 15.36 EPS for the current fiscal 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.