QRG Capital Management Inc. Boosts Stock Position in GE Vernova Inc. $GEV

QRG Capital Management Inc. raised its holdings in GE Vernova Inc. (NYSE:GEV) by 20.6% during the second quarter, Holdings Channel reports. The institutional investor owned 43,643 shares of the company’s stock after buying an additional 7,449 shares during the period. QRG Capital Management Inc.’s holdings in GE Vernova were worth $51,275,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Cornerstone Financial Management LLC purchased a new position in shares of GE Vernova in the 4th quarter valued at about $25,000. Manning & Napier Advisors LLC lifted its stake in GE Vernova by 68.4% during the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after purchasing an additional 13 shares during the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in GE Vernova during the fourth quarter worth approximately $30,000. Entelevest LLC acquired a new position in GE Vernova in the fourth quarter valued at approximately $30,000. Finally, Parvin Asset Management LLC acquired a new position in GE Vernova in the second quarter valued at approximately $32,000.

Analyst Ratings Changes

Several equities analysts have commented on GEV shares. The Goldman Sachs Group upgraded shares of GE Vernova from a “buy” rating to a “market outperform” rating in a research note on Monday, September 14th. Oppenheimer upped 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 report on Thursday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of GE Vernova from $1,302.00 to $1,330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Mizuho lifted their price target on shares of GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Morgan Stanley lowered shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,145.83.

Key GE Vernova News

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

• Positive Sentiment: GE Vernova signed an agreement to provide Rotor Life Extension services for five 9F gas turbines at three Egyptian power plants. The deal should support recurring services revenue, extend the company’s installed-base relationship and demonstrate demand for its aftermarket offerings. GE Vernova Signs Services Deal for Five Gas Turbines in Egypt
• Positive Sentiment: CEO Scott Strazik said GE Vernova is positioning itself to meet unprecedented electricity demand from AI and data centers. Comments about international opportunities, including Venezuela’s power infrastructure and Ukraine’s nuclear assets, add potential long-term growth avenues. GE Vernova CEO on Energy Demand and Economic Stability
• Positive Sentiment: GE Vernova, Hitachi and Samsung C&T signed a memorandum of understanding to advance deployment of GE Vernova’s BWRX-300 small modular reactors in Europe. Although not a firm order, the agreement strengthens the company’s nuclear-growth narrative. BWRX-300 Fleet Deployment MoU
• Positive Sentiment: Recent coverage highlighted management’s target of reaching a $200 billion backlog in very early 2027, following backlog growth to approximately $176 billion. A largely sold-out position through 2030 could improve revenue visibility and provide a powerful catalyst if execution remains on track. GE Vernova Backlog Target
• Neutral Sentiment: The investment case remains attractive to some analysts because of AI-related power demand and GE Vernova’s backlog, but shares trade at a high valuation. The company’s latest quarterly earnings also fell short of consensus despite strong revenue growth, creating a potential near-term risk if margins or execution disappoint. GE Vernova Stock Is Down From Its High

GE Vernova Stock Performance

NYSE:GEV traded up $0.31 during trading hours on Wednesday, reaching $950.59. 1,676,846 shares of the company’s stock were exchanged, compared to its average volume of 2,690,340. The firm has a market capitalization of $253.17 billion, a price-to-earnings ratio of 27.21, a P/E/G ratio of 4.40 and a beta of 1.15. The company has a 50-day moving average of $976.39 and a 200 day moving average of $986.56. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data 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 business had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.86 earnings per share. Research analysts anticipate that GE Vernova Inc. will post 15.36 EPS for the current year.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company that provides equipment, software and services for electricity generation, transmission and distribution. Its portfolio is designed to support power systems across a range of energy sources, including natural gas, nuclear, hydroelectric, wind and solar power, as well as battery storage.

The company operates through three primary businesses: Power, Wind and Electrification. Power supplies gas and steam turbines, generators, nuclear power technologies, hydroelectric equipment and related maintenance services.