4,675 Shares in GE Vernova Inc. $GEV Acquired by SFE Investment Counsel

Key Points

• SFE Investment Counsel acquired 4,675 GE Vernova shares during the second quarter, valued at approximately $5.49 million. Several other institutional investors also initiated or increased positions.
• GE Vernova reported quarterly revenue of $11.10 billion, exceeding estimates, while EPS of $2.47 missed consensus by $0.70; revenue increased 21.9% year over year.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,133.15, despite shares trading down 2.2% and a recent CEO stock sale.

SFE Investment Counsel bought a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,675 shares of the company's stock, valued at approximately $5,492,000.

A number of other institutional investors have also recently bought and sold shares of GEV. Brighton Jones LLC boosted its holdings in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after buying an additional 753 shares during the period. Schnieders Capital Management LLC. lifted its position in GE Vernova by 1.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company's stock valued at $828,000 after acquiring an additional 26 shares in the last quarter. Jump Financial LLC bought a new stake in GE Vernova in the 2nd quarter valued at $258,000. Ossiam acquired a new position in GE Vernova in the 2nd quarter worth $42,000. Finally, Nebula Research & Development LLC boosted its stake in GE Vernova by 23.9% in the 2nd quarter. Nebula Research & Development LLC now owns 1,674 shares of the company's stock worth $886,000 after purchasing an additional 323 shares during the period.

GE Vernova Trading Down 2.2%

Shares of NYSE:GEV opened at $965.58 on Friday. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The company has a market capitalization of $257.16 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 3.52 and a beta of 1.21. The company has a 50-day simple moving average of $1,042.39 and a 200 day simple moving average of $968.21.

GE Vernova (NYSE:GEV - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. GE Vernova's quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. Sell-side analysts forecast that GE Vernova Inc. will post 15.57 earnings per share for the current year.

Insider Activity at GE Vernova

In related news, CEO Victor Abate sold 4,819 shares of the business's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the transaction, the chief executive officer directly owned 1,835 shares of the company's stock, valued at approximately $1,739,726.80. The trade was a 72.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GEV. Oppenheimer lifted their price target on 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. Guggenheim increased their price objective on GE Vernova from $1,300.00 to $1,450.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Argus set a $1,300.00 target price on GE Vernova in a research report on Monday, April 27th. BMO Capital Markets restated an "outperform" rating on shares of GE Vernova in a research note on Friday, August 7th. Finally, BNP Paribas Exane downgraded GE Vernova from an "outperform" rating to a "neutral" rating and set a $1,190.00 price target for the company. in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,133.15.

GE Vernova 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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