Nwam LLC Sells 1,076 Shares of GE Vernova Inc. $GEV

Nwam LLC lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 9.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,283 shares of the company’s stock after selling 1,076 shares during the period. Nwam LLC’s holdings in GE Vernova were worth $12,082,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Cornerstone Financial Management LLC bought a new position in shares of GE Vernova during the fourth quarter valued at about $25,000. Wealth Watch Advisors INC bought a new stake in shares of GE Vernova in the third quarter worth about $25,000. Manning & Napier Advisors LLC increased its holdings in 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 purchasing an additional 13 shares during the period. Navalign LLC purchased a new position in GE Vernova during the 4th quarter valued at about $27,000. Finally, Commonwealth Retirement Investments LLC bought a new position in GE Vernova during the 4th quarter valued at approximately $30,000.

GE Vernova Trading Down 1.6%

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’s fifty day moving average is $1,027.25 and its 200 day moving average is $976.33. The stock has a market capitalization of $238.98 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 3.28 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 posted its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.70). The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. GE Vernova’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.86 EPS. On average, sell-side analysts predict that GE Vernova Inc. will post 15.46 EPS for the current year.

GE Vernova News Summary

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GEV. Weiss Ratings reissued a “buy (b)” rating on shares of GE Vernova in a research note on Tuesday, July 21st. Morgan Stanley downgraded shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. TD Cowen lifted their target price on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Guggenheim boosted their price target on 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. Finally, Royal Bank Of Canada upped their price target on 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 analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company 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.