Impax Asset Management Group plc Sells 4,793 Shares of GE Vernova Inc. $GEV

Impax Asset Management Group plc trimmed its stake in GE Vernova Inc. (NYSE:GEV) by 20.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,144 shares of the company’s stock after selling 4,793 shares during the period. Impax Asset Management Group plc’s holdings in GE Vernova were worth $22,492,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Auto Owners Insurance Co grew its position in GE Vernova by 110,973.4% during the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock worth $2,278,224,000 after buying an additional 34,826,773 shares in the last quarter. BlackRock Inc. acquired a new position in GE Vernova in the 2nd quarter valued at approximately $25,569,630,000. State Street Corp raised its holdings in GE Vernova by 2.1% in the 4th quarter. State Street Corp now owns 11,469,670 shares of the company’s stock valued at $7,496,232,000 after acquiring an additional 231,392 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of GE Vernova by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 6,249,193 shares of the company’s stock worth $4,074,039,000 after acquiring an additional 68,894 shares during the period. Finally, Morgan Stanley lifted its position in shares of GE Vernova by 12.8% in the 4th quarter. Morgan Stanley now owns 6,054,474 shares of the company’s stock worth $3,957,024,000 after acquiring an additional 685,466 shares during the period.

GE Vernova Price Performance

GE Vernova stock opened at $925.74 on Wednesday. The business’s fifty day moving average is $1,040.83 and its two-hundred day moving average is $972.03. 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 firm has a market cap of $246.55 billion, a P/E ratio of 26.50, a P/E/G ratio of 3.39 and a beta of 1.21. 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 announced its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share 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 during the quarter, compared to analyst estimates of $10.79 billion. During the same quarter last year, the business posted $1.86 earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. Equities research analysts forecast that GE Vernova Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Zacks Research cut GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. TD Cowen raised their target price on GE Vernova from $1,220.00 to $1,235.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Morgan Stanley lowered shares of GE Vernova from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Sanford C. Bernstein raised their price objective on shares of GE Vernova from $1,206.00 to $1,298.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of GE Vernova in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $1,133.15.

GE Vernova News Summary

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.

Insider Buying and Selling

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the firm’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 owned 1,835 shares in the company, valued at approximately $1,739,726.80. This trade represents a 72.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

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.