Compass Ion Advisors LLC Makes New Investment in GE Vernova Inc. $GEV

Key Points

• Compass Ion Advisors LLC invested approximately $301,000 in GE Vernova Inc., acquiring 569 shares during the second quarter.
• Recent analyst reports show positive sentiment towards GE Vernova, with several firms raising their target prices and issuing "buy" ratings for the stock.
• Insider CFO Kenneth Scott Parks sold 3,300 shares for a total of $2,046,000, marking a 30.30% decrease in his stock ownership.

Compass Ion Advisors LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 569 shares of the company's stock, valued at approximately $301,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new position in GE Vernova in the 1st quarter valued at approximately $27,000. EQ Wealth Advisors LLC bought a new position in shares of GE Vernova during the first quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC raised its stake in shares of GE Vernova by 115.2% during the first 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 bought a new position in shares of GE Vernova during the first quarter valued at $31,000. Finally, Ransom Advisory Ltd bought a new position in shares of GE Vernova during the first quarter valued at $33,000.

GE Vernova Price Performance

Shares of GEV traded up $19.50 during trading hours on Monday, hitting $643.67. 2,528,298 shares of the stock were exchanged, compared to its average volume of 3,483,040. GE Vernova Inc. has a fifty-two week low of $246.79 and a fifty-two week high of $677.29. The business has a 50-day moving average of $617.11 and a 200-day moving average of $479.75. The firm has a market capitalization of $175.22 billion, a P/E ratio of 155.10, a price-to-earnings-growth ratio of 4.55 and a beta of 1.87.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on GEV. Susquehanna raised their price target on shares of GE Vernova from $662.00 to $736.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Wolfe Research downgraded shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Citigroup raised their price target on shares of GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. HSBC raised their price target on shares of GE Vernova from $570.00 to $580.00 and gave the company a "hold" rating in a research note on Friday, September 5th. Finally, Melius Research set a $740.00 price target on shares of GE Vernova and gave the company a "buy" rating in a research note on Monday, September 15th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $592.35.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value 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 approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.15% of the company's stock.

GE Vernova 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.