Ninepoint Partners LP Makes New Investment in GE Vernova Inc. $GEV

Ninepoint Partners LP purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,543 shares of the company’s stock, valued at approximately $1,813,000.

Several other large investors have also made changes to their positions in GEV. SGL Investment Advisors Inc. bought a new position in shares of GE Vernova in the second quarter worth about $629,000. Jupiter Wealth Management LLC bought a new stake in GE Vernova during the 2nd quarter valued at approximately $411,000. Vise Technologies Inc. raised its stake in GE Vernova by 54.4% during the 2nd quarter. Vise Technologies Inc. now owns 14,846 shares of the company’s stock valued at $17,442,000 after purchasing an additional 5,233 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in GE Vernova by 23.2% in the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 838 shares of the company’s stock worth $984,000 after purchasing an additional 158 shares in the last quarter. Finally, August Group Capital Ltd purchased a new position in GE Vernova in the 2nd quarter worth approximately $202,000.

Insider Activity

In other news, CEO Victor Abate sold 4,819 shares of the company’s 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 sale, the chief executive officer directly owned 1,835 shares in the company, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

GE Vernova Stock Down 1.7%

Shares of GEV opened at $925.74 on Wednesday. The business’s 50 day simple moving average is $1,040.83 and its 200-day simple moving average is $972.03. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The stock has a market capitalization of $246.55 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 3.39 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 (NYSE:GEV) last released its quarterly earnings results 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). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.79 billion. During the same period in the previous year, the company earned $1.86 EPS. GE Vernova’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, equities analysts expect that GE Vernova Inc. will post 15.46 earnings per share for the current fiscal year.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: GE Vernova introduced a medium-voltage uninterruptible power supply designed for AI data centers and other power-intensive facilities. The product addresses the need for reliable power amid rapidly rising and uneven AI workloads, potentially expanding GEV’s Electrification opportunity. GE Vernova Introduces Medium-Voltage UPS for AI Data Centers
• Positive Sentiment: GE Vernova may offer a faster solution to the AI power bottleneck as gas-turbine orders are reportedly backed up through 2031. Its equipment could help data centers manage steeply fluctuating electricity demand, supporting demand visibility for the Power and Electrification businesses. GE Vernova Offers Quick Solution To AI’s Power Turbine Quandary
• Positive Sentiment: GE Vernova was selected as a technology partner for stage three of Australia’s Queensland Supernode battery-storage project. The award strengthens its utility-scale battery and grid-connectivity credentials, while the project’s regulatory approval reduces development uncertainty. GE Vernova to supply technology for stage three of Supernode BESS project
• Positive Sentiment: Analyst commentary highlighted GEV’s backlog, customer-funded capacity expansion and exposure to both grid infrastructure and gas power. Data-center orders and expected Electrification growth could support improving margins and earnings. GE Vernova: The Grid-And-Gas Bottleneck Is Becoming A Margin Flywheel
• Neutral Sentiment: GE Vernova and American Electric Power were both identified as beneficiaries of AI-driven electricity demand and U.S. grid investment, but the comparison does not represent a new contract or financial forecast. GE Vernova vs. American Electric Power: Which Power Stock Has the Edge?
• Negative Sentiment: Despite the favorable demand narrative, GEV trades at a demanding valuation. Its latest quarterly EPS fell short of consensus, leaving investors focused on whether strong revenue growth, backlog conversion and margin expansion can justify the premium.

Analysts Set New Price Targets

Several research firms have weighed in on GEV. Sanford C. Bernstein upped their price target on GE Vernova from $1,206.00 to $1,298.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Guggenheim lifted their price objective on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of GE Vernova in a report on Tuesday, July 21st. William Blair restated an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada boosted 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 note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, GE Vernova 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.