Family Investment Center Inc. Takes Position in GE Vernova Inc. $GEV

Key Points

• Family Investment Center Inc. purchased 675 shares of GE Vernova Inc. for approximately $357,000 in Q2, marking a notable institutional investment in the company.
• GE Vernova reported earnings of $1.86 per share, surpassing analysts' expectations of $1.63, along with revenues of $9.11 billion for the latest quarter.
• The stock has a market capitalization of $175.22 billion and a P/E ratio of 155.10, with shares trading between a 52-week low of $246.79 and a high of $677.29.

Family Investment Center Inc. bought a new position in GE Vernova Inc. (NYSE:GEV - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 675 shares of the company's stock, valued at approximately $357,000.

Other institutional investors also recently bought and sold shares of the company. EQ Wealth Advisors LLC acquired a new stake in GE Vernova in the 1st quarter worth approximately $27,000. IMA Advisory Services Inc. acquired a new stake in GE Vernova in the 1st quarter worth approximately $27,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock worth $30,000 after purchasing an additional 53 shares in the last quarter. 1248 Management LLC acquired a new stake in GE Vernova in the 1st quarter worth approximately $31,000. Finally, Saudi Central Bank acquired a new stake in GE Vernova in the 1st quarter worth approximately $33,000.

GE Vernova Stock Performance

Shares of GEV stock opened at $643.67 on Tuesday. The stock 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 1.88. The company has a 50 day moving average price of $618.88 and a 200 day moving average price of $482.23. GE Vernova Inc. has a fifty-two week low of $246.79 and a fifty-two 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 for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Melius Research set a $740.00 target price on shares of GE Vernova and gave the stock a "buy" rating in a research note on Monday, September 15th. Wall Street Zen cut shares of GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Jefferies Financial Group lifted their price objective on shares of GE Vernova from $658.00 to $668.00 and gave the company a "hold" rating in a research note on Friday, September 12th. Wolfe Research cut shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Finally, Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus target price of $592.35.

Insider Buying and Selling at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred 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 transaction, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.15% of the company's stock.

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.

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