Flputnam Investment Management Co. Buys 1,621 Shares of GE Vernova Inc. $GEV

Flputnam Investment Management Co. boosted its position in GE Vernova Inc. (NYSE:GEV) by 11.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,397 shares of the company’s stock after purchasing an additional 1,621 shares during the period. Flputnam Investment Management Co.’s holdings in GE Vernova were worth $18,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Auto Owners Insurance Co raised its stake in shares of GE Vernova by 110,973.4% in the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock valued at $2,278,224,000 after buying an additional 34,826,773 shares during the period. BlackRock Inc. purchased a new position in shares of GE Vernova during the 2nd quarter valued at $25,569,630,000. Norges Bank bought a new position in shares of GE Vernova during the 4th quarter worth $2,283,114,000. Bank of America Corp DE bought a new position in shares of GE Vernova during the 2nd quarter worth $2,961,612,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of GE Vernova by 5,171.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company’s stock worth $1,603,114,000 after acquiring an additional 2,406,326 shares during the period.

Key GE Vernova News

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

• Positive Sentiment: Potential Venezuela agreements could create new project opportunities. GE Vernova is reportedly among the companies preparing to finalize energy agreements in Venezuela. The country’s amended hydrocarbons law could give foreign participants greater flexibility to operate and expand projects, although execution and political risks remain. Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela
• Positive Sentiment: Steam-turbine aftermarket growth supports GE Vernova’s services business. The global market is projected to expand from $12.5 billion in 2025 to $16.02 billion by 2031, driven by aging power fleets, life-extension programs and maintenance demand. GE Vernova could benefit from its installed base and recurring parts and service revenue. Global Steam Turbine Aftermarket Market to Reach USD 16.02 Billion by 2031
• Neutral Sentiment: New CFO appointment introduces a leadership transition. GE Vernova reportedly selected Rivian executive Claire McDonough as its next chief financial officer. Investors will likely watch for details on her priorities, financial controls and capital-allocation strategy. GE Vernova Taps Rivian’s Claire McDonough as New CFO
• Negative Sentiment: Speculation about SpaceX competition is weighing on sentiment. Reports suggest SpaceX may pose a new threat to GE Vernova, though neither company has commented and the nature of the potential competition remains unclear. The uncertainty is contributing to selling pressure. GE Vernova Stock Drops. Is SpaceX Coming for Them Too?
• Negative Sentiment: Recent weakness reflects broader sector selling and valuation concerns. GEV’s decline has extended a pullback affecting some power-infrastructure peers. With the stock trading below its short- and long-term moving averages and its latest quarterly EPS below expectations, investors may be taking profits despite strong revenue growth. GE Vernova Slides, Vertiv Holdings and Eaton Sit Out the Selloff

Analyst Ratings Changes

A number of brokerages recently issued reports on GEV. William Blair restated an “outperform” rating on shares of GE Vernova in a research note on Monday, August 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Vernova in a report on Tuesday, July 21st. Guggenheim increased their target price on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Wall Street Zen downgraded shares of GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Sanford C. Bernstein boosted their price target on shares of GE Vernova from $1,206.00 to $1,298.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,133.15.

GE Vernova Price Performance

GE Vernova stock opened at $897.30 on Tuesday. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94. The business has a fifty day moving average price of $1,027.25 and a 200-day moving average price of $976.33. 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 firm has a market capitalization of $238.98 billion, a P/E ratio of 25.68, a PEG ratio of 3.28 and a beta of 1.21.

GE Vernova (NYSE:GEV) last released its quarterly earnings data 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 company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, equities research analysts forecast that GE Vernova Inc. will post 15.46 EPS for the current year.

About GE Vernova

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.