GE Vernova Inc. $GEV Stock Holdings Increased by Sowell Financial Services LLC

Key Points

• Sowell Financial Services LLC increased its holdings in GE Vernova Inc. by 20%, owning 2,679 shares now valued at approximately $1.42 million as of the last SEC filing.
• GE Vernova's CFO, Kenneth Scott Parks, sold 3,300 shares at an average price of $620, representing a 30.3% decrease in his ownership.
• Analysts have given GE Vernova a mix of ratings, with four recommending a Strong Buy, while the average price target for the stock is $592.35.

Sowell Financial Services LLC raised its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 20.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,679 shares of the company's stock after acquiring an additional 447 shares during the period. Sowell Financial Services LLC's holdings in GE Vernova were worth $1,418,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GEV. EQ Wealth Advisors LLC acquired a new position in shares of GE Vernova during the 1st quarter valued at $27,000. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova during the 1st quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC increased its position 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 purchasing an additional 53 shares during the period. 1248 Management LLC acquired a new position in shares of GE Vernova during the 1st quarter valued at $31,000. Finally, Saudi Central Bank acquired a new position in shares of GE Vernova during the 1st quarter valued at $33,000.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction dated Tuesday, August 26th. The stock was 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 owned 7,590 shares of the company's stock, valued at $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on GEV. Melius Research set a $740.00 price target on GE Vernova and gave the company a "buy" rating in a research report on Monday, September 15th. BMO Capital Markets lifted their price target on GE Vernova from $590.00 to $690.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Wolfe Research cut GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Guggenheim cut GE Vernova from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Finally, HSBC lifted their target price on GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a report on Friday, September 5th. Four research 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's stock. According to data from MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and an average price target of $592.35.

GE Vernova Trading Up 3.1%

GEV opened at $643.67 on Tuesday. The stock has a market cap of $175.22 billion, a price-to-earnings ratio of 155.10, a PEG ratio of 4.55 and a beta of 1.88. GE Vernova Inc. has a 1 year low of $246.79 and a 1 year high of $677.29. The stock has a fifty day moving average price of $618.88 and a 200 day moving average price of $482.23.

GE Vernova (NYSE:GEV - Get Free Report) last released 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 firm had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

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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