U.S. Capital Wealth Advisors LLC Sells 1,659 Shares of GE Vernova Inc. $GEV

Key Points

• U.S. Capital Wealth Advisors LLC reduced its stake in GE Vernova Inc. by 16% in Q2, now holding 8,686 shares valued at $4.6 million.
• GE Vernova's stock saw a 3.1% increase, with a market capitalization of $175.22 billion, following a quarterly earnings report that exceeded expectations.
• Several analysts have raised their price targets for GE Vernova, with Jefferies Financial Group setting a new target at $668.00 and Bank of America at $620.00.

U.S. Capital Wealth Advisors LLC decreased its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 16.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,686 shares of the company's stock after selling 1,659 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in GE Vernova were worth $4,596,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. EQ Wealth Advisors LLC bought a new position in GE Vernova in the first quarter valued at about $27,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova in the 1st quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of GE Vernova by 115.2% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after purchasing an additional 53 shares during the last quarter. 1248 Management LLC acquired a new position in GE Vernova during the 1st quarter worth approximately $31,000. Finally, Saudi Central Bank acquired a new position in GE Vernova during the 1st quarter worth approximately $33,000.

GE Vernova Stock Up 3.1%

GE Vernova stock opened at $643.67 on Tuesday. The company has a market capitalization of $175.22 billion, a PE ratio of 155.10, a PEG ratio of 4.55 and a beta of 1.88. GE Vernova Inc. has a 12-month low of $246.79 and a 12-month high of $677.29. The firm's fifty day moving average is $618.88 and its 200 day moving average is $482.23.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $8.78 billion. During the same period in the previous year, the firm posted $4.65 earnings per share. The business's revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business's 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 of the company's stock, valued at $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.15% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on GEV. Jefferies Financial Group boosted their target price 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. Bank of America upped their target price on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Guggenheim downgraded GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. HSBC boosted their price target on GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a report on Friday, September 5th. Finally, UBS Group initiated coverage on shares of GE Vernova in a report on Monday, July 7th. They issued a "buy" rating and a $614.00 price objective for the company. Four investment 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $592.35.

About GE Vernova

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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