Patron Partners LLC Buys 623 Shares of GE Vernova Inc. $GEV

Patron Partners LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 42.4% in the second quarter, Holdings Channel.com reports. The firm owned 2,091 shares of the company’s stock after buying an additional 623 shares during the quarter. GE Vernova comprises approximately 0.9% of Patron Partners LLC’s investment portfolio, making the stock its 24th biggest position. Patron Partners LLC’s holdings in GE Vernova were worth $2,457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cornerstone Financial Management LLC bought a new stake in shares of GE Vernova during the fourth quarter worth $25,000. Wealth Watch Advisors INC bought a new position in shares of GE Vernova in the 3rd quarter valued at $25,000. Torren Management LLC acquired a new stake in shares of GE Vernova during the 4th quarter valued at $26,000. Manning & Napier Advisors LLC boosted its holdings in shares of GE Vernova by 68.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after acquiring an additional 13 shares in the last quarter. Finally, Navalign LLC bought a new stake in GE Vernova during the 4th quarter worth $27,000.

GE Vernova Price Performance

GEV stock opened at $925.74 on Wednesday. The company’s 50-day moving average is $1,040.83 and its 200-day moving average is $972.03. The stock has a market capitalization of $246.55 billion, a PE 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 Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business had revenue of $11.10 billion for 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 company’s revenue was up 21.9% on a year-over-year basis. Equities research analysts expect that GE Vernova Inc. will post 15.46 EPS for the current fiscal year.

Analysts Set New Price Targets

GEV has been the subject of a number of recent research reports. Mizuho upped their target price on GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of GE Vernova in a research note on Monday, July 27th. Sanford C. Bernstein raised their price objective on shares of GE Vernova from $1,206.00 to $1,298.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Morgan Stanley downgraded shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen cut shares of GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $1,133.15.

Key GE Vernova News

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.

Insiders Place Their Bets

In other GE Vernova 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 value of $4,568,797.52. Following the completion of the sale, the chief executive officer directly owned 1,835 shares of the company’s stock, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

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.