Simmons Bank Purchases 2,605 Shares of GE Vernova Inc. $GEV

Simmons Bank boosted its position in GE Vernova Inc. (NYSE:GEV) by 30.9% in 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 11,041 shares of the company’s stock after buying an additional 2,605 shares during the quarter. Simmons Bank’s holdings in GE Vernova were worth $12,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Financial Management LLC purchased a new stake in shares of GE Vernova in the 4th quarter valued at $25,000. Wealth Watch Advisors INC purchased a new position in shares of GE Vernova in the third quarter worth about $25,000. Torren Management LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at about $26,000. Manning & Napier Advisors LLC grew its position in GE Vernova by 68.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after acquiring an additional 13 shares during the last quarter. Finally, Navalign LLC purchased a new position in GE Vernova in the 4th quarter worth approximately $27,000.

Insider Buying and Selling

In other GE Vernova 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 transaction of $4,568,797.52. Following the completion of the transaction, the chief executive officer owned 1,835 shares of the company’s stock, 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 can be accessed through this link. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Robert W. Baird increased their price objective on GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. BMO Capital Markets reissued an “outperform” rating on shares of GE Vernova in a report on Friday, August 7th. BNP Paribas Exane downgraded shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price objective for the company. in a research note on Monday, April 27th. Susquehanna set a $1,300.00 target price on shares of GE Vernova in a report on Thursday, April 23rd. Finally, Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,133.15.

Key Stories Impacting GE Vernova

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 Stock Down 6.8%

Shares of NYSE:GEV opened at $1,005.97 on Wednesday. The firm has a market capitalization of $267.92 billion, a P/E ratio of 28.79, a P/E/G ratio of 3.79 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The stock has a 50 day moving average price of $1,038.75 and a 200-day moving average price of $964.62. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). The firm had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 earnings per share. As a group, equities research analysts anticipate 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.