Lynch & Associates IN Invests $293,000 in GE Vernova Inc. $GEV

Key Points

• Lynch & Associates IN invested approximately $293,000 in GE Vernova Inc., acquiring 554 shares during the 2nd quarter.
• Several major investors increased their holdings in GE Vernova, with Vanguard Group Inc. now owning over 24 million shares valued at approximately $7.45 billion.
• GE Vernova reported $1.86 EPS for the last quarter, surpassing analyst estimates, and achieved a revenue of $9.11 billion, reflecting an 11.1% year-over-year growth.

Lynch & Associates IN bought a new position in GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 554 shares of the company's stock, valued at approximately $293,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of GE Vernova by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company's stock worth $7,446,577,000 after purchasing an additional 432,830 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of GE Vernova by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,129,958 shares of the company's stock worth $955,513,000 after purchasing an additional 214,483 shares during the last quarter. GAMMA Investing LLC grew its holdings in GE Vernova by 32,984.2% during the 1st quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after acquiring an additional 2,135,066 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in GE Vernova by 21.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,080,006 shares of the company's stock worth $634,984,000 after acquiring an additional 367,150 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in GE Vernova by 50.9% during the 1st quarter. Wellington Management Group LLP now owns 2,029,948 shares of the company's stock worth $619,703,000 after acquiring an additional 684,794 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GEV. Jefferies Financial Group increased their price objective on shares of GE Vernova from $658.00 to $668.00 and gave the stock a "hold" rating in a report on Friday, September 12th. Melius Research set a $740.00 price objective on shares of GE Vernova and gave the stock a "buy" rating in a report on Monday, September 15th. Mizuho lowered shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price objective on the stock. in a report on Monday, July 28th. Robert W. Baird increased their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. Four 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 MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $592.35.

GE Vernova Trading Down 1.7%

Shares of NYSE GEV opened at $633.65 on Wednesday. The firm has a market capitalization of $172.49 billion, a PE ratio of 152.69, a price-to-earnings-growth ratio of 4.70 and a beta of 1.87. GE Vernova Inc. has a 1 year low of $247.07 and a 1 year high of $677.29. The firm's 50-day moving average is $620.35 and its 200-day moving average is $483.28.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.23. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company'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 EPS. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

Insider Buying and Selling at GE Vernova

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

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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