Sigma Planning Corp Sells 2,302 Shares of GE Vernova Inc. $GEV

Sigma Planning Corp reduced its stake in shares of GE Vernova Inc. (NYSE:GEV) by 30.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,248 shares of the company’s stock after selling 2,302 shares during the period. Sigma Planning Corp’s holdings in GE Vernova were worth $6,166,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GEV. Onyx Bridge Wealth Group LLC increased its position in shares of GE Vernova by 1.3% during the first quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company’s stock worth $635,000 after acquiring an additional 9 shares in the last quarter. Red Door Wealth Management LLC lifted its position in GE Vernova by 0.6% in the 1st quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company’s stock valued at $1,548,000 after acquiring an additional 10 shares in the last quarter. Advance Capital Management Inc. lifted its position in GE Vernova by 2.2% in the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company’s stock valued at $402,000 after acquiring an additional 10 shares in the last quarter. Alpha Financial Partners LLC boosted its stake in GE Vernova by 2.0% in the 1st quarter. Alpha Financial Partners LLC now owns 514 shares of the company’s stock worth $449,000 after purchasing an additional 10 shares during the period. Finally, Sandy Cove Advisors LLC boosted its stake in GE Vernova by 2.6% in the 2nd quarter. Sandy Cove Advisors LLC now owns 389 shares of the company’s stock worth $457,000 after purchasing an additional 10 shares during the period.

Analyst Ratings Changes

Several analysts have issued reports on GEV shares. William Blair reissued an “outperform” rating on shares of GE Vernova in a research note on Monday, August 3rd. TD Cowen upped their price objective 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. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Vernova in a report on Tuesday, July 21st. Sanford C. Bernstein increased their price objective on 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, Mizuho boosted their target price on GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Two investment 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 issued a Sell rating to the company. According to data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $1,133.15.

Key Headlines Impacting GE Vernova

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

GE Vernova Trading Down 1.6%

GE Vernova stock opened at $897.30 on Tuesday. The firm has a 50-day moving average of $1,027.25 and a 200-day moving average of $976.33. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94. 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 company has a market cap of $238.98 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 3.28 and a beta of 1.21.

GE Vernova (NYSE:GEV) last released its earnings results 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 during the quarter, compared to analyst estimates of $10.79 billion. During the same period in the prior year, the firm posted $1.86 EPS. GE Vernova’s revenue was up 21.9% compared to the same quarter last year. On average, equities analysts expect that GE Vernova Inc. will post 15.46 earnings per share for the current fiscal 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.