Postrock Partners LLC Takes Position in GE Vernova Inc. $GEV

Key Points

• Postrock Partners LLC acquired 546 shares of GE Vernova Inc. for approximately $289,000 in the second quarter.
• Several institutional investors, including Atlas Brown Inc. and Physician Wealth Advisors Inc., have recently increased their stakes in GE Vernova, indicating growing interest in the stock.
• Analysts have given GE Vernova a consensus rating of "Moderate Buy" with a target price of $592.35, reflecting strong support from various investment firms.

Postrock Partners LLC purchased a new position in GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 546 shares of the company's stock, valued at approximately $289,000.

Other institutional investors also recently bought and sold shares of the company. Atlas Brown Inc. lifted its stake 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 worth $1,321,000 after buying an additional 19 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in GE Vernova by 9.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company's stock worth $128,000 after acquiring an additional 20 shares during the last quarter. Grove Bank & Trust lifted its position in GE Vernova by 16.0% in the 2nd quarter. Grove Bank & Trust now owns 167 shares of the company's stock valued at $88,000 after acquiring an additional 23 shares in the last quarter. Westover Capital Advisors LLC boosted its stake in GE Vernova by 2.3% during the 1st quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company's stock valued at $345,000 after purchasing an additional 25 shares during the last quarter. Finally, SVB Wealth LLC increased its holdings in shares of GE Vernova by 0.7% in the 1st quarter. SVB Wealth LLC now owns 3,585 shares of the company's stock worth $1,094,000 after purchasing an additional 26 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GEV shares. The Goldman Sachs Group upped their price target on GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. UBS Group assumed coverage on shares of GE Vernova in a research note on Monday, July 7th. They set a "buy" rating and a $614.00 target price on the stock. Melius Research set a $740.00 price target on shares of GE Vernova and gave the stock a "buy" rating in a research note on Monday, September 15th. Citigroup boosted their price objective on shares of GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Glj Research started coverage on shares of GE Vernova in a report on Monday, June 23rd. They issued a "buy" rating on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $592.35.

GE Vernova Price Performance

NYSE:GEV opened at $628.11 on Thursday. GE Vernova Inc. has a one year low of $247.07 and a one year high of $677.29. The business has a fifty day moving average price of $621.67 and a 200-day moving average price of $484.28. The firm has a market capitalization of $170.98 billion, a price-to-earnings ratio of 151.35, a price-to-earnings-growth ratio of 4.62 and a beta of 1.87.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly 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 business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.GE Vernova's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.15% of the company's stock.

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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