Golden State Equity Partners Acquires Shares of 1,372 GE Vernova Inc. $GEV

Key Points

• Golden State Equity Partners has acquired 1,372 shares of GE Vernova Inc., valued at approximately $726,000, as disclosed in their SEC filing for the 2nd quarter.
• Research analysts have given GE Vernova a consensus rating of "Moderate Buy" with a target price range that varies from $675.00 to $740.00, indicating optimistic growth expectations.
• Insider activity included CFO Kenneth Scott Parks selling 3,300 shares for approximately $2.05 million, representing a 30.30% decrease in his ownership of the stock.

Golden State Equity Partners acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,372 shares of the company's stock, valued at approximately $726,000.

Several other institutional investors have also recently bought and sold shares of GEV. Brighton Jones LLC raised its position in GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after purchasing an additional 753 shares during the last quarter. American Assets Inc. bought a new position in GE Vernova in the 4th quarter valued at $658,000. Sunbelt Securities Inc. raised its position in GE Vernova by 470.4% in the 4th quarter. Sunbelt Securities Inc. now owns 1,312 shares of the company's stock valued at $433,000 after purchasing an additional 1,082 shares during the last quarter. Toronto Dominion Bank raised its position in GE Vernova by 8.6% in the 4th quarter. Toronto Dominion Bank now owns 147,639 shares of the company's stock valued at $48,563,000 after purchasing an additional 11,701 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in GE Vernova by 5.1% in the 4th quarter. Mackenzie Financial Corp now owns 24,808 shares of the company's stock valued at $8,160,000 after purchasing an additional 1,194 shares during the last quarter.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GEV shares. Melius Research set a $740.00 target price on GE Vernova and gave the company a "buy" rating in a research note on Monday, September 15th. Melius raised GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 target price for the company in a research note on Monday, September 15th. Morgan Stanley lifted their target price on GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, Jefferies Financial Group raised their price target on GE Vernova from $658.00 to $668.00 and gave the stock a "hold" rating in a research report on Friday, September 12th. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $592.35.

GE Vernova Stock Up 3.1%

Shares of NYSE GEV opened at $643.67 on Tuesday. The business's 50 day moving average price is $618.88 and its two-hundred day moving average price is $482.23. The company has a market cap of $175.22 billion, a PE ratio of 155.10, a price-to-earnings-growth ratio of 4.55 and a beta of 1.88. GE Vernova Inc. has a twelve month low of $246.79 and a twelve month high of $677.29.

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

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.

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