Signal Advisors Wealth LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 433 shares of the company's stock, valued at approximately $229,000.
Other hedge funds have also recently modified their holdings of the company. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova during the first quarter valued at about $27,000. EQ Wealth Advisors LLC acquired a new position in GE Vernova in the 1st quarter worth approximately $27,000. Mowery & Schoenfeld Wealth Management LLC increased its holdings in GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock worth $30,000 after buying an additional 53 shares during the period. 1248 Management LLC acquired a new position in GE Vernova in the 1st quarter worth approximately $31,000. Finally, Ransom Advisory Ltd acquired a new position in GE Vernova in the 1st quarter worth approximately $33,000.
Analyst Ratings Changes
Several equities analysts recently weighed in on GEV shares. BMO Capital Markets increased their price target on shares of GE Vernova from $590.00 to $690.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Guggenheim downgraded shares of GE Vernova from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Melius upgraded shares of GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price target on the stock in a report on Monday, September 15th. Bank of America raised their price objective on shares of GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, HSBC raised their price objective on shares of GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a research note on Friday, September 5th. Four equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $592.35.
Get Our Latest Research Report on GE Vernova
Insider Transactions at GE Vernova
In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction dated 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 approximately $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.15% of the company's stock.
GE Vernova Trading Down 2.5%
GEV stock traded down $16.41 during midday trading on Tuesday, reaching $627.96. The stock had a trading volume of 1,140,216 shares, compared to its average volume of 3,469,790. The company's fifty day simple moving average is $618.88 and its 200 day simple moving average is $482.23. The company has a market cap of $170.94 billion, a price-to-earnings ratio of 151.35, a price-to-earnings-growth ratio of 4.55 and a beta of 1.88. GE Vernova Inc. has a 52-week low of $247.07 and a 52-week high of $677.29.
GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $9.11 billion for 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%.The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.
About GE Vernova
(
Free Report)
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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