Diversify Advisory Services LLC Purchases Shares of 8,825 GE Vernova Inc. $GEV

Diversify Advisory Services LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,825 shares of the company's stock, valued at approximately $10,368,000.

Several other institutional investors also recently bought and sold shares of GEV. Cornerstone Financial Management LLC purchased a new position in shares of GE Vernova in the 4th quarter valued at $25,000. Wealth Watch Advisors INC purchased a new stake in GE Vernova during the 3rd quarter worth $25,000. Torren Management LLC purchased a new stake in GE Vernova during the 4th quarter worth $26,000. Manning & Napier Advisors LLC increased its holdings in GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company's stock valued at $26,000 after purchasing an additional 13 shares in the last quarter. Finally, Navalign LLC acquired a new stake in GE Vernova in the 4th quarter valued at $27,000.

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 stock was sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the completion of the sale, the chief executive officer owned 1,835 shares in the company, valued at $1,739,726.80. This trade represents a 72.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Sanford C. Bernstein raised their price objective on GE Vernova from $1,206.00 to $1,298.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Argus set a $1,300.00 target price on GE Vernova in a research report on Monday, April 27th. Royal Bank Of Canada increased their target price on GE Vernova from $1,195.00 to $1,225.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. 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 report on Thursday, July 23rd. Finally, BMO Capital Markets reissued an "outperform" rating on shares of GE Vernova in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,133.15.

GE Vernova Stock Performance

NYSE:GEV opened at $956.69 on Monday. The firm has a 50-day moving average of $1,042.72 and a two-hundred day moving average of $969.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. The stock has a market cap of $254.80 billion, a P/E ratio of 27.38, a PEG ratio of 3.41 and a beta of 1.21. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) 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 analysts' expectations of $10.79 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. The firm's revenue was up 21.9% compared to the same quarter last year. On average, research analysts expect that GE Vernova Inc. will post 15.57 earnings per share for the current fiscal year.

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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