GE Vernova Inc. $GEV Shares Acquired by IFP Advisors Inc

IFP Advisors Inc increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 12.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,840 shares of the company’s stock after buying an additional 756 shares during the quarter. IFP Advisors Inc’s holdings in GE Vernova were worth $8,036,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC acquired a new position in shares of GE Vernova in the 4th quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in shares of GE Vernova during the 3rd quarter worth about $25,000. Manning & Napier Advisors LLC raised its holdings in GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after buying an additional 13 shares during the period. Navalign LLC purchased a new stake in GE Vernova in the 4th quarter valued at about $27,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in GE Vernova in the 4th quarter valued at about $30,000.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $951.90 on Thursday. The business has a 50-day moving average of $1,006.09 and a 200 day moving average of $982.37. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The stock has a market capitalization of $253.52 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 4.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). The firm had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business’s revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 earnings per share. As a group, sell-side analysts forecast that GE Vernova Inc. will post 15.36 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on GEV shares. Morgan Stanley lowered shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of GE Vernova in a research note on Tuesday, July 21st. Sanford C. Bernstein upped their price objective on shares of GE Vernova from $1,206.00 to $1,298.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Guggenheim upped their price objective on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Oppenheimer increased their price objective on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $1,155.28.

Trending Headlines about GE Vernova

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Analysts maintain a consensus rating of “Moderate Buy” on GE Vernova, indicating that Wall Street generally remains constructive on the company’s long-term earnings and power-generation outlook. GE Vernova Inc. Given Consensus Rating of Moderate Buy by Analysts
• Positive Sentiment: GE Vernova continues to benefit from investor interest in rising electricity demand from artificial-intelligence data centers. Its established industrial business is viewed as a less speculative way to participate in the power-infrastructure buildout than early-stage nuclear developers. Jim Cramer Weighs In on GE Vernova and NuScale Power
• Positive Sentiment: Recent commentary identifies GE Vernova as one of the stocks that may be positioned to perform relatively well in a higher-rate environment, reflecting expectations that its potential returns and demand outlook can offset higher financing costs. The stock has also outperformed the Dow over the past year. 3 Stocks Built for Higher Rates—and 2 That Could Break Is GE Vernova Stock Outperforming the Dow?
• Neutral Sentiment: Coverage of the nuclear renaissance highlights opportunities for companies that supply adjacent infrastructure and equipment, potentially supporting GE Vernova’s broader power-generation exposure, although the article does not announce a new contract or financial impact for the company. Construction Firms Powering the Nuclear Renaissance
• Negative Sentiment: GE Vernova’s stock fell more than the general market in the latest session, suggesting broad risk-off trading or profit-taking weighed on the shares. Commentary also continues to flag losses in the wind business, a potential drag on sentiment despite strength in other operations. GE Vernova Suffers a Larger Drop Than the General Market Jim Cramer Weighs In on GE Vernova and NuScale Power

GE Vernova Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company that provides equipment, software and services for electricity generation, transmission and distribution. Its portfolio is designed to support power systems across a range of energy sources, including natural gas, nuclear, hydroelectric, wind and solar power, as well as battery storage.

The company operates through three primary businesses: Power, Wind and Electrification. Power supplies gas and steam turbines, generators, nuclear power technologies, hydroelectric equipment and related maintenance services.