BNC Wealth Management LLC Raises Holdings in GE Vernova Inc. $GEV

BNC Wealth Management LLC lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 28.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,219 shares of the company’s stock after acquiring an additional 2,027 shares during the period. GE Vernova makes up approximately 1.4% of BNC Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. BNC Wealth Management LLC’s holdings in GE Vernova were worth $4,878,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Atlas Brown Inc. grew its stake in shares of GE Vernova by 0.8% during the second quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock worth $1,321,000 after acquiring an additional 19 shares during the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of GE Vernova by 9.0% during the second 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 grew its stake in shares of GE Vernova by 16.0% during the second quarter. Grove Bank & Trust now owns 167 shares of the company’s stock worth $88,000 after acquiring an additional 23 shares during the last quarter. Westover Capital Advisors LLC grew its stake in shares of GE Vernova by 2.3% during the first quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company’s stock worth $345,000 after acquiring an additional 25 shares during the last quarter. Finally, SVB Wealth LLC grew its stake in shares of GE Vernova by 0.7% during the first quarter. SVB Wealth LLC now owns 3,585 shares of the company’s stock worth $1,094,000 after acquiring an additional 26 shares during the last quarter.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company upped their target price on GE Vernova from $474.00 to $697.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Citigroup upped their target price on GE Vernova from $544.00 to $670.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. The Goldman Sachs Group upped their target price on GE Vernova from $500.00 to $570.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. UBS Group assumed coverage on GE Vernova in a research report on Monday, July 7th. They issued a “buy” rating and a $614.00 target price on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of GE Vernova in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $592.35.

GE Vernova Trading Down 1.7%

Shares of NYSE:GEV opened at $633.65 on Wednesday. GE Vernova Inc. has a 12-month low of $247.07 and a 12-month high of $677.29. The company has a market capitalization of $172.49 billion, a PE ratio of 152.69, a PEG ratio of 4.70 and a beta of 1.87. The business has a 50 day moving average of $620.35 and a two-hundred day moving average of $483.28.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company 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 company posted $4.65 earnings per share. GE Vernova’s revenue for the quarter was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

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.