AA Financial Advisors LLC Takes Position in GE Vernova Inc. $GEV

Key Points

• AA Financial Advisors LLC acquired 968 shares of GE Vernova Inc. valued at approximately $512,000 in the second quarter, highlighting growing institutional interest in the company.
• GE Vernova reported quarterly earnings of $1.86 per share, surpassing analysts' expectations, and demonstrated an 11.1% revenue increase year-over-year.
• Wall Street analysts remain optimistic with a consensus rating of "Moderate Buy" for GE Vernova, reflecting confidence in the company's growth potential.

AA Financial Advisors LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 968 shares of the company's stock, valued at approximately $512,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EQ Wealth Advisors LLC bought a new stake in shares of GE Vernova during the 1st quarter valued at $27,000. IMA Advisory Services Inc. bought a new stake in shares of GE Vernova during the 1st quarter valued at $27,000. Orion Capital Management LLC bought a new stake in shares of GE Vernova during the 4th quarter valued at $30,000. Mowery & Schoenfeld Wealth Management LLC increased its position in shares of GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after buying an additional 53 shares in the last quarter. Finally, 1248 Management LLC bought a new stake in shares of GE Vernova in the 1st quarter valued at $31,000.

GE Vernova Stock Performance

NYSE:GEV traded down $16.59 during mid-day trading on Tuesday, hitting $627.78. The stock had a trading volume of 987,235 shares, compared to its average volume of 3,468,723. GE Vernova Inc. has a twelve month low of $247.07 and a twelve month high of $677.29. The stock has a market cap of $170.89 billion, a price-to-earnings ratio of 151.26, a PEG ratio of 4.55 and a beta of 1.88. The company's 50 day simple moving average is $618.88 and its 200 day simple moving average is $482.23.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. GE Vernova's revenue was up 11.1% on a year-over-year basis. During the same period last year, the business posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on GEV. The Goldman Sachs Group upped their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Wolfe Research cut shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, July 10th. Mizuho cut shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price objective for the company. in a research report on Monday, July 28th. Finally, Melius upgraded shares of GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price objective for the company in a research report on Monday, September 15th. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $592.35.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the sale, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.15% of the stock is owned by company insiders.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.