Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Has $17.88 Million Stake in GE Vernova Inc. $GEV

Key Points

• Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD increased its GE Vernova stake by 71.3% in the second quarter, holding 15,214 shares valued at approximately $17.88 million.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $1,155.28, despite Morgan Stanley downgrading the stock to “underweight.”
• GE Vernova reported quarterly revenue of $11.10 billion, up 21.9% year over year, but its $2.47 earnings per share missed analyst expectations of $3.17.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD grew its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 71.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 15,214 shares of the company's stock after purchasing an additional 6,332 shares during the period. GE Vernova comprises approximately 2.2% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's portfolio, making the stock its 12th biggest position. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's holdings in GE Vernova were worth $17,882,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of GE Vernova by 116,092.4% during the second quarter. California State Teachers Retirement System now owns 483,330,355 shares of the company's stock valued at $567,845,501,000 after buying an additional 482,914,381 shares during the last quarter. Auto Owners Insurance Co raised its position in GE Vernova by 110,973.4% in the 4th quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company's stock valued at $2,278,224,000 after buying an additional 34,826,773 shares during the last quarter. BlackRock Inc. bought a new position in GE Vernova during the 2nd quarter valued at $25,569,630,000. State Street Corp lifted its stake in GE Vernova by 2.1% during the 4th quarter. State Street Corp now owns 11,469,670 shares of the company's stock valued at $7,496,232,000 after acquiring an additional 231,392 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in GE Vernova by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 6,249,193 shares of the company's stock worth $4,074,039,000 after acquiring an additional 68,894 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley lowered shares of GE Vernova from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. Guggenheim boosted their price target on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Royal Bank Of Canada boosted their price target on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Mizuho upped their price objective on shares of GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of GE Vernova from $1,302.00 to $1,330.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,155.28.

GE Vernova Stock Up 3.0%

Shares of NYSE:GEV opened at $970.55 on Wednesday. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The company has a market capitalization of $258.49 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 4.38 and a beta of 1.15. The business has a fifty day moving average price of $1,009.73 and a two-hundred day moving average price of $981.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts' consensus estimates of $3.17 by ($0.70). The business had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The company's revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Analysts forecast that GE Vernova Inc. will post 15.36 earnings per share for the current year.

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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