LaFleur & Godfrey LLC Boosts Holdings in GE Vernova Inc. $GEV

Key Points

• LaFleur & Godfrey LLC increased its stake in GE Vernova Inc. by 11.6%, owning 20,608 shares valued at approximately $10.9 million as of the latest SEC filing.
• GE Vernova reported $9.11 billion in revenue for the last quarter, surpassing analysts' expectations, and beat earnings estimates with $1.86 earnings per share.
• Several analysts have raised price targets for GE Vernova, with JPMorgan lifting its target from $620 to $715 and Robert W. Baird increasing it from $568 to $706.

LaFleur & Godfrey LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 11.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,608 shares of the company's stock after buying an additional 2,145 shares during the period. GE Vernova comprises about 1.4% of LaFleur & Godfrey LLC's holdings, making the stock its 27th biggest position. LaFleur & Godfrey LLC's holdings in GE Vernova were worth $10,905,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlas Brown Inc. boosted its position in shares of GE Vernova by 0.8% in the second quarter. Atlas Brown Inc. now owns 2,496 shares of the company's stock valued at $1,321,000 after acquiring an additional 19 shares during the period. Physician Wealth Advisors Inc. raised its stake in shares of GE Vernova by 9.0% during the second quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company's stock worth $128,000 after acquiring an additional 20 shares in the last quarter. Grove Bank & Trust raised its stake in shares of GE Vernova by 16.0% during the second quarter. Grove Bank & Trust now owns 167 shares of the company's stock worth $88,000 after acquiring an additional 23 shares in the last quarter. Westover Capital Advisors LLC raised its stake in shares of GE Vernova by 2.3% during the first quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company's stock worth $345,000 after acquiring an additional 25 shares in the last quarter. Finally, SVB Wealth LLC raised its stake in shares of GE Vernova by 0.7% during the first quarter. SVB Wealth LLC now owns 3,585 shares of the company's stock worth $1,094,000 after acquiring an additional 26 shares in the last quarter.

GE Vernova Price Performance

GE Vernova stock opened at $624.61 on Monday. The stock has a market cap of $170.03 billion, a P/E ratio of 150.51, a PEG ratio of 4.55 and a beta of 1.87. GE Vernova Inc. has a 1 year low of $242.25 and a 1 year high of $677.29. The firm's 50 day moving average price is $617.11 and its 200-day moving average price is $479.75.

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

Analysts Set New Price Targets

Several research firms have commented on GEV. Robert W. Baird lifted their price target on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. JPMorgan Chase & Co. lifted their price target on shares of GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Melius raised shares of GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price target on the stock in a research note on Monday, September 15th. Finally, Jefferies Financial Group lifted their price target on shares of GE Vernova from $658.00 to $668.00 and gave the stock a "hold" rating in a research note 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.15% of the company's stock.

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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