Wealth Management Partners LLC Takes $255,000 Position in GE Vernova Inc. $GEV

Key Points

• Wealth Management Partners LLC acquired 480 shares of GE Vernova Inc. for about $255,000 in the second quarter, reflecting growing interest from institutional investors in the company.
• GE Vernova reported a 12-month revenue increase of 11.1%, achieving $9.11 billion in revenue and an EPS of $1.86, exceeding expectations.
• The company's stock, with a market cap of $170.03 billion, has a projected average target price of $592.35 and currently holds a rating of "Moderate Buy" among analysts.

Wealth Management Partners LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 480 shares of the company's stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of GE Vernova by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company's stock worth $7,446,577,000 after buying an additional 432,830 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in GE Vernova by 7.4% during 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 period. GAMMA Investing LLC boosted its position 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 purchasing an additional 2,135,066 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 purchasing an additional 367,150 shares during the period. Finally, Wellington Management Group LLP boosted its position 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 purchasing an additional 684,794 shares during the period.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova 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 completion of the transaction, the chief financial officer directly owned 7,590 shares of the company's stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company's stock.

GE Vernova Stock Up 3.1%

Shares of GEV traded up $19.50 during midday trading on Monday, hitting $643.67. The company had a trading volume of 2,528,298 shares, compared to its average volume of 3,483,040. The company's 50 day moving average price is $617.11 and its 200 day moving average price is $479.75. The stock has a market cap of $175.22 billion, a price-to-earnings ratio of 155.10, a PEG ratio of 4.55 and a beta of 1.87. GE Vernova Inc. has a 52 week low of $246.79 and a 52 week high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.23. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate 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 was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on GEV shares. Glj Research started coverage on shares of GE Vernova in a research report on Monday, June 23rd. They set a "buy" rating for the company. BMO Capital Markets upped their price target on shares of GE Vernova from $590.00 to $690.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. The Goldman Sachs Group upped their price target on shares of GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Jefferies Financial Group boosted 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. Finally, Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a report on Thursday, July 10th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.