GE Vernova Inc. $GEV Shares Sold by Teamwork Financial Advisors LLC

Key Points

• Teamwork Financial Advisors cut its GE Vernova stake by 15.4% in the second quarter, selling 2,890 shares and retaining 15,885 shares valued at approximately $18.7 million.
• GE Vernova reported second-quarter EPS of $2.47, below the $3.17 analyst consensus, although revenue rose 21.9% year over year to $11.10 billion and exceeded estimates.
• Analyst sentiment remains broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $1,155.28, compared with its reported opening price of $970.55.

Teamwork Financial Advisors LLC decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 15.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,885 shares of the company's stock after selling 2,890 shares during the quarter. GE Vernova comprises about 1.7% of Teamwork Financial Advisors LLC's portfolio, making the stock its 16th biggest holding. Teamwork Financial Advisors LLC's holdings in GE Vernova were worth $18,663,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GEV. Brighton Jones LLC lifted its stake in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock worth $1,091,000 after buying an additional 753 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in GE Vernova by 1.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company's stock valued at $828,000 after acquiring an additional 26 shares in the last quarter. Jump Financial LLC acquired a new stake in GE Vernova in the 2nd quarter valued at about $258,000. Ossiam acquired a new stake in GE Vernova in the 2nd quarter valued at about $42,000. Finally, Nebula Research & Development LLC raised its holdings in GE Vernova by 23.9% in the 2nd quarter. Nebula Research & Development LLC now owns 1,674 shares of the company's stock valued at $886,000 after acquiring an additional 323 shares during the last quarter.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $970.55 on Wednesday. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. 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 firm has a market capitalization of $258.49 billion, a P/E ratio of 27.78, a P/E/G ratio of 4.38 and a beta of 1.15. The company's fifty day moving average price is $1,009.73 and its 200 day moving average price is $981.53.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business posted $1.86 earnings per share. The company's revenue for the quarter was up 21.9% on a year-over-year basis. As a group, sell-side analysts predict that GE Vernova Inc. will post 15.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GEV. Sanford C. Bernstein boosted their target price on GE Vernova from $1,206.00 to $1,298.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Mizuho lifted their price objective on GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Weiss Ratings reissued a "buy (b)" rating on shares of GE Vernova in a research note on Tuesday, July 21st. Jefferies Financial Group restated a "buy" rating on shares of GE Vernova in a report on Monday, July 27th. Finally, Wall Street Zen cut GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,155.28.

GE Vernova Company Profile

GE Vernova Inc NYSE: GEV is an energy technology company that provides equipment, software and services for electricity generation, transmission and distribution. Its portfolio is designed to support power systems across a range of energy sources, including natural gas, nuclear, hydroelectric, wind and solar power, as well as battery storage.

The company operates through three primary businesses: Power, Wind and Electrification. Power supplies gas and steam turbines, generators, nuclear power technologies, hydroelectric equipment and related maintenance services.

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