Bfsg LLC Buys 2,150 Shares of GE Vernova Inc. $GEV

Key Points

• Bfsg LLC has significantly increased its stake in GE Vernova Inc. by 3,706.9%, owning 2,208 shares valued at $1,168,000 after acquiring an additional 2,150 shares in the 2nd quarter.
• Analysts are optimistic about GE Vernova, with four rating it as a Strong Buy and setting a consensus price target of $592.35, while the stock has seen a recent 1.7% decline.
• In the latest earnings report, GE Vernova reported an EPS of $1.86 for the quarter, exceeding analysts' expectations, with revenues also surpassing estimates by 11.1% year-over-year.

Bfsg LLC grew its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 3,706.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,208 shares of the company's stock after acquiring an additional 2,150 shares during the quarter. Bfsg LLC's holdings in GE Vernova were worth $1,168,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EQ Wealth Advisors LLC bought a new stake in GE Vernova in the 1st quarter worth about $27,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Vernova during the 1st quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of GE Vernova by 115.2% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after acquiring an additional 53 shares during the last quarter. 1248 Management LLC purchased a new stake in shares of GE Vernova during the 1st quarter valued at about $31,000. Finally, Saudi Central Bank purchased a new stake in shares of GE Vernova during the 1st quarter valued at about $33,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Seaport Res Ptn raised shares of GE Vernova to a "strong-buy" rating in a report on Thursday, July 10th. Mizuho downgraded shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price target on the stock. in a report on Monday, July 28th. Glj Research assumed coverage on shares of GE Vernova in a report on Monday, June 23rd. They set a "buy" rating on the stock. The Goldman Sachs Group raised their price target on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and a consensus price target of $592.35.

GE Vernova Stock Down 1.7%

GE Vernova stock opened at $633.65 on Wednesday. The business has a 50-day simple moving average of $620.35 and a two-hundred day simple moving average of $483.28. The company has a market cap of $172.49 billion, a P/E ratio of 152.69, a P/E/G ratio of 4.70 and a beta of 1.87. GE Vernova Inc. has a 52-week low of $247.07 and a 52-week high of $677.29.

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

Insider Activity

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.15% of the company's stock.

About GE Vernova

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.

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