MGO One Seven LLC Has $23.11 Million Holdings in GE Vernova Inc. $GEV

MGO One Seven LLC decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 3.9% in the 2nd quarter, Holdings Channel reports. The fund owned 19,674 shares of the company’s stock after selling 797 shares during the period. MGO One Seven LLC’s holdings in GE Vernova were worth $23,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Auto Owners Insurance Co increased its position in GE Vernova by 110,973.4% during the 4th quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock worth $2,278,224,000 after purchasing an additional 34,826,773 shares in the last quarter. Norges Bank bought a new stake in shares of GE Vernova during the fourth quarter worth $2,283,114,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of GE Vernova by 5,171.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company’s stock valued at $1,603,114,000 after acquiring an additional 2,406,326 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of GE Vernova by 2,802.8% during the 4th quarter. Corient Private Wealth LLC now owns 1,608,714 shares of the company’s stock valued at $1,051,407,000 after acquiring an additional 1,553,295 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in GE Vernova by 4,358.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company’s stock worth $1,316,076,000 after acquiring an additional 1,485,712 shares during the last quarter.

Insider Activity at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GEV shares. Robert W. Baird upped their target price on GE Vernova from $1,008.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Barclays lifted their price target on GE Vernova from $993.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Sanford C. Bernstein boosted 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. JPMorgan Chase & Co. increased their price target on 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. Finally, William Blair reiterated an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,133.15.

More GE Vernova News

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

• Positive Sentiment: GE Vernova’s backlog reportedly reached $176 billion, while rising orders for power-generation and grid technologies point to strong demand and improved revenue visibility. The company’s nuclear-related AI deal also reinforced the investment case tied to surging electricity demand. GE Vernova backlog and nuclear AI deal
• Positive Sentiment: GE Vernova is leading an ARPA-E project with SHINE to modernize tracking of spent nuclear fuel during recycling. Although the project is unlikely to materially affect near-term earnings, it strengthens the company’s positioning in advanced nuclear infrastructure and fuel-cycle technology. SHINE joins GE Vernova-led ARPA-E project
• Neutral Sentiment: GE Vernova’s wind business reportedly declined 40%, but commentary characterized the weakness as a vulnerable segment rather than an immediate threat, given the strength of the company’s gas-turbine and broader power businesses. GE Vernova wind business analysis
• Negative Sentiment: A Wall Street Journal report about potentially hidden debt among hyperscalers, combined with a 19-year high in Treasury yields, triggered a sharp risk-off move across AI-power and data-center infrastructure stocks. Investors are reassessing whether customers can finance planned projects and whether higher rates will pressure the sector’s valuations. Behind-the-meter energy stocks fall

GE Vernova Price Performance

GEV stock opened at $1,005.97 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. The company’s 50-day moving average is $1,038.75 and its 200-day moving average is $964.62. The stock has a market capitalization of $267.92 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 3.79 and a beta of 1.21. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94.

GE Vernova (NYSE:GEV) last issued its 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 net margin of 23.03% and a return on equity of 42.42%. The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.79 billion. During the same period in the previous year, the firm earned $1.86 earnings per share. The business’s quarterly revenue was up 21.9% on a year-over-year basis. Equities research analysts expect that GE Vernova Inc. will post 15.57 EPS for the current fiscal year.

GE Vernova 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.