QRG Capital Management Inc. Increases Position in GE Vernova Inc. $GEV

QRG Capital Management Inc. grew its position in shares of GE Vernova Inc. (NYSE:GEV) by 20.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,643 shares of the company’s stock after purchasing an additional 7,449 shares during the period. QRG Capital Management Inc.’s holdings in GE Vernova were worth $51,275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its stake in GE Vernova by 31.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,146 shares of the company’s stock worth $8,396,000 after acquiring an additional 1,698 shares in the last quarter. Envestnet Asset Management Inc. grew its position in GE Vernova by 18.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 487,847 shares of the company’s stock valued at $573,152,000 after acquiring an additional 75,231 shares in the last quarter. State Street Corp increased its stake in GE Vernova by 3.3% during the second quarter. State Street Corp now owns 11,765,340 shares of the company’s stock worth $13,828,380,000 after purchasing an additional 370,842 shares during the period. Silicon Valley Capital Partners increased its stake in GE Vernova by 2,636.9% during the second quarter. Silicon Valley Capital Partners now owns 11,057 shares of the company’s stock worth $12,991,000 after purchasing an additional 10,653 shares during the period. Finally, Security National Bank of SO Dak acquired a new stake in shares of GE Vernova during the second quarter worth about $52,000.

Key GE Vernova News

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

• Positive Sentiment: GE Vernova signed an agreement to provide Rotor Life Extension services for five 9F gas turbines at three Egyptian power plants. The deal should support recurring services revenue, extend the company’s installed-base relationship and demonstrate demand for its aftermarket offerings. GE Vernova Signs Services Deal for Five Gas Turbines in Egypt
• Positive Sentiment: CEO Scott Strazik said GE Vernova is positioning itself to meet unprecedented electricity demand from AI and data centers. Comments about international opportunities, including Venezuela’s power infrastructure and Ukraine’s nuclear assets, add potential long-term growth avenues. GE Vernova CEO on Energy Demand and Economic Stability
• Positive Sentiment: GE Vernova, Hitachi and Samsung C&T signed a memorandum of understanding to advance deployment of GE Vernova’s BWRX-300 small modular reactors in Europe. Although not a firm order, the agreement strengthens the company’s nuclear-growth narrative. BWRX-300 Fleet Deployment MoU
• Positive Sentiment: Recent coverage highlighted management’s target of reaching a $200 billion backlog in very early 2027, following backlog growth to approximately $176 billion. A largely sold-out position through 2030 could improve revenue visibility and provide a powerful catalyst if execution remains on track. GE Vernova Backlog Target
• Neutral Sentiment: The investment case remains attractive to some analysts because of AI-related power demand and GE Vernova’s backlog, but shares trade at a high valuation. The company’s latest quarterly earnings also fell short of consensus despite strong revenue growth, creating a potential near-term risk if margins or execution disappoint. GE Vernova Stock Is Down From Its High

Analyst Ratings Changes

Several research analysts have recently commented on GEV shares. Wall Street Zen lowered shares of GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Mizuho increased their target price on shares of GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Morgan Stanley cut shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. TD Cowen boosted their price target on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of GE Vernova in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $1,145.83.

GE Vernova Stock Up 0.0%

Shares of GE Vernova stock traded up $0.31 on Wednesday, reaching $950.59. 1,676,846 shares of the company were exchanged, compared to its average volume of 2,690,340. The stock’s 50 day moving average price is $976.39 and its 200-day moving average price is $986.56. 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 Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The company has a market cap of $253.17 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 4.40 and a beta of 1.15.

GE Vernova (NYSE:GEV) last issued its 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). 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 analyst estimates of $10.79 billion. During the same period last year, the business earned $1.86 EPS. The firm’s revenue was up 21.9% compared to the same quarter last year. As a group, equities analysts forecast that GE Vernova Inc. will post 15.36 EPS for the current year.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company that provides equipment, software and services for electricity generation, transmission and distribution. Its portfolio is designed to support power systems across a range of energy sources, including natural gas, nuclear, hydroelectric, wind and solar power, as well as battery storage.

The company operates through three primary businesses: Power, Wind and Electrification. Power supplies gas and steam turbines, generators, nuclear power technologies, hydroelectric equipment and related maintenance services.