Northwestern Mutual Wealth Management Co. Acquires 7,275 Shares of GE Vernova Inc. $GEV

Northwestern Mutual Wealth Management Co. grew its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 17.5% in the second quarter, HoldingsChannel.com reports. The fund owned 48,845 shares of the company’s stock after purchasing an additional 7,275 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in GE Vernova were worth $57,387,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GEV. Cornerstone Financial Management LLC purchased a new position in GE Vernova in the 4th quarter worth approximately $25,000. Wealth Watch Advisors INC purchased a new stake in shares of GE Vernova during the 3rd quarter valued at $25,000. Manning & Napier Advisors LLC lifted its holdings in shares of GE Vernova by 68.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after acquiring an additional 13 shares during the last quarter. Navalign LLC bought a new stake in shares of GE Vernova during the 4th quarter worth $27,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in GE Vernova in the fourth quarter worth $30,000.

GE Vernova Stock Down 0.1%

GEV opened at $897.33 on Wednesday. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $1,024.46 and its 200-day moving average price is $976.86. The company has a market cap of $238.99 billion, a P/E ratio of 25.68, a P/E/G ratio of 4.15 and a beta of 1.15.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.79 billion. During the same quarter in the prior year, the company earned $1.86 earnings per share. The company’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 EPS for the current year.

More GE Vernova News

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

• Positive Sentiment: GE Vernova’s diversified portfolio is helping offset a roughly 40% decline in its wind business. The company’s gas-power, grid and electrification operations are benefiting from rising electricity demand and AI-related data-center investment, supporting the case for holding the stock despite weakness in wind. I Wouldn’t Sell GE Vernova, Even After the Wind Business Fell 40%
• Positive Sentiment: GE Vernova is reportedly among the companies nearing final agreements for energy projects in Venezuela. Greater access for foreign operators could create opportunities for power-generation equipment and services, though execution and geopolitical risks remain. Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela
• Positive Sentiment: The global steam-turbine aftermarket is projected to grow from $12.5 billion in 2025 to $16.02 billion by 2031 as aging power fleets require maintenance and life-extension upgrades. This industry trend could support GE Vernova’s services and aftermarket businesses. Global Steam Turbine Aftermarket Market to Reach USD 16.02 Billion by 2031

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GEV shares. Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. JPMorgan Chase & Co. upped their price objective on GE Vernova from $1,302.00 to $1,330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Guggenheim raised their price objective on GE Vernova from $1,300.00 to $1,450.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Royal Bank Of Canada boosted their target price on GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Vernova in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price 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.