4,645 Shares in GE Vernova Inc. $GEV Purchased by Pavion Blue Capital LLC

Pavion Blue Capital LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,645 shares of the company's stock, valued at approximately $5,457,000. GE Vernova makes up 2.2% of Pavion Blue Capital LLC's investment portfolio, making the stock its 15th biggest position.

Other institutional investors also recently bought and sold shares of the company. World Investment Advisors lifted its holdings in GE Vernova by 19.9% during the fourth quarter. World Investment Advisors now owns 13,497 shares of the company's stock valued at $8,821,000 after purchasing an additional 2,241 shares in the last quarter. Riverbend Wealth Management LLC acquired a new stake in shares of GE Vernova in the fourth quarter valued at about $567,000. Vest Financial LLC increased its stake in shares of GE Vernova by 56.7% during the fourth quarter. Vest Financial LLC now owns 66,191 shares of the company's stock worth $43,260,000 after purchasing an additional 23,956 shares in the last quarter. RiverFront Investment Group LLC increased its stake in shares of GE Vernova by 239.2% during the fourth quarter. RiverFront Investment Group LLC now owns 2,191 shares of the company's stock worth $1,432,000 after purchasing an additional 1,545 shares in the last quarter. Finally, Danske Bank A S raised its position in shares of GE Vernova by 5.5% during the 4th quarter. Danske Bank A S now owns 156,236 shares of the company's stock worth $102,111,000 after purchasing an additional 8,086 shares during the last quarter.

Insider Buying and Selling

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the firm's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $948.08, for a total value of $4,568,797.52. Following the transaction, the chief executive officer directly owned 1,835 shares of the company's stock, valued at $1,739,726.80. This trade represents a 72.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company's stock.

GE Vernova Price Performance

Shares of NYSE GEV opened at $956.69 on Friday. The firm has a 50-day simple moving average of $1,042.72 and a 200-day simple moving average of $968.13. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $254.80 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 3.41 and a beta of 1.21. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.79 billion. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The business's revenue was up 21.9% compared to the same quarter last year. On average, equities analysts predict that GE Vernova Inc. will post 15.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GEV. Argus set a $1,300.00 price target on shares of GE Vernova in a research note on Monday, April 27th. Sanford C. Bernstein boosted their price objective on GE Vernova from $1,206.00 to $1,298.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. William Blair reissued an "outperform" rating on shares of GE Vernova in a report on Monday, August 3rd. JPMorgan Chase & Co. raised their target price on 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. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Vernova in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, GE Vernova currently has an average 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.

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