Vise Technologies Inc. Grows Stock Holdings in GE Vernova Inc. $GEV

Vise Technologies Inc. raised its holdings in GE Vernova Inc. (NYSE:GEV) by 54.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,846 shares of the company’s stock after acquiring an additional 5,233 shares during the period. Vise Technologies Inc.’s holdings in GE Vernova were worth $17,442,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Manning & Napier Advisors LLC grew its position in shares of GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after purchasing an additional 13 shares during the period. IMG Wealth Management Inc. purchased a new position in GE Vernova during the second quarter worth about $39,000. Miller Global Investments LLC lifted its position in GE Vernova by 63.6% during the second quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock worth $42,000 after buying an additional 14 shares during the period. Torren Management LLC acquired a new stake in GE Vernova in the 4th quarter worth about $26,000. Finally, Cornerstone Financial Management LLC acquired a new stake in GE Vernova in the 4th quarter worth about $25,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Mizuho upped their price objective on shares of GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Sanford C. Bernstein raised their target price on shares of GE Vernova from $1,206.00 to $1,298.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Zacks Research downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $1,302.00 to $1,330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,133.15.

GE Vernova Price Performance

GEV stock opened at $942.69 on Tuesday. The stock has a 50-day moving average price of $1,041.97 and a two-hundred day moving average price of $970.76. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The company has a market cap of $251.07 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 3.41 and a beta of 1.21.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The firm had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 earnings per share. As a group, research analysts predict that GE Vernova Inc. will post 15.57 EPS for the current year.

Insider Transactions at GE Vernova

In related news, CEO Victor Abate sold 4,819 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the sale, the chief executive officer directly owned 1,835 shares in the company, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.