Saudi Central Bank Boosts Stock Position in GE Vernova Inc. $GEV

Saudi Central Bank grew its holdings in GE Vernova Inc. (NYSE:GEV) by 88.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,867 shares of the company’s stock after buying an additional 8,852 shares during the period. Saudi Central Bank’s holdings in GE Vernova were worth $22,166,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cornerstone Financial Management LLC bought a new stake in GE Vernova during the fourth quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new stake in shares of GE Vernova in the 3rd quarter valued at approximately $25,000. Manning & Napier Advisors LLC lifted its stake in shares of GE Vernova by 68.4% in 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 last quarter. Navalign LLC purchased a new position in shares of GE Vernova in the 4th quarter worth approximately $27,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of GE Vernova in the 4th quarter worth approximately $30,000.

Analyst Ratings Changes

Several research firms recently weighed in on GEV. Sanford C. Bernstein increased their price target on GE Vernova from $1,206.00 to $1,298.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Guggenheim lifted their price objective on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. William Blair reiterated an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Oppenheimer increased their target price on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Finally, Mizuho raised 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average target price of $1,155.28.

GE Vernova Trading Up 0.2%

GEV opened at $943.58 on Friday. The firm has a market cap of $251.30 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 4.38 and a beta of 1.15. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The stock has a fifty day moving average price of $1,016.92 and a 200-day moving average price of $978.34.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data 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 return on equity of 42.42% and a net margin of 23.03%.The company had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.79 billion. During the same quarter last year, the company earned $1.86 earnings per share. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, equities research analysts anticipate that GE Vernova Inc. will post 15.36 earnings per share for the current fiscal year.

Key Headlines Impacting GE Vernova

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

• Positive Sentiment: GE Vernova signed an agreement to supply wind turbines for ESB’s Chleansaid wind farm in Scotland, adding to its renewable-energy order pipeline and reinforcing demand for its equipment. GE Vernova signs agreement to supply turbines for ESB wind farm in Scotland
• Positive Sentiment: A deal with Venezuela is expected to help stabilize the country’s deteriorating power grid within six to 12 months. The project could create equipment, services and maintenance opportunities while expanding GE Vernova’s international presence. Market Chatter: GE Vernova Deal Aims to Stabilize Venezuela Power Grid
• Positive Sentiment: GE Vernova is participating with Studsvik, GE Vernova Hitachi and Samsung C&T in advancing a Swedish nuclear-power project. Nuclear demand is attracting investor attention as data centers and AI require reliable, low-carbon electricity. Companies advance Swedish nuclear power project
• Positive Sentiment: An investor analysis highlighted GE Vernova’s 116 gigawatts of gas-turbine equipment in backlog and slot reservations, with at least 125 gigawatts expected under contract by year-end. Capacity expansion and recurring service revenue support the long-term growth case. GE Vernova company overview
• Neutral Sentiment: GE Vernova recently outperformed the broader market in a session, reflecting enthusiasm over Venezuela grid-repair plans and the company’s exposure to AI-related power demand. However, the move followed volatility since June as investors reassessed the sustainability of the AI infrastructure boom. GE Vernova outperforms the stock market
• Negative Sentiment: Erste Group Bank lowered its fiscal 2027 EPS forecast, while analysts continue to question whether GE Vernova can convert its substantial orders into higher margins. Those concerns may limit upside after the stock’s strong longer-term rally. GE Vernova FY2027 EPS forecast decreased

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.