Tiemann Investment Advisors LLC Purchases Shares of 890 GE Vernova Inc. $GEV

Tiemann Investment Advisors LLC acquired a new position in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 890 shares of the company’s stock, valued at approximately $1,046,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. World Investment Advisors boosted its stake in GE Vernova by 19.9% during the fourth quarter. World Investment Advisors now owns 13,497 shares of the company’s stock worth $8,821,000 after buying an additional 2,241 shares during the period. Vest Financial LLC raised its stake in shares of GE Vernova by 56.7% in the fourth quarter. Vest Financial LLC now owns 66,191 shares of the company’s stock valued at $43,260,000 after acquiring an additional 23,956 shares during the period. RiverFront Investment Group LLC raised its stake in shares of GE Vernova by 239.2% in the fourth quarter. RiverFront Investment Group LLC now owns 2,191 shares of the company’s stock valued at $1,432,000 after acquiring an additional 1,545 shares during the period. Citizens Financial Group Inc. RI bought a new stake in shares of GE Vernova in the 2nd quarter worth about $8,337,000. Finally, Danske Bank A S lifted its holdings in shares of GE Vernova by 5.5% in the 4th quarter. Danske Bank A S now owns 156,236 shares of the company’s stock worth $102,111,000 after acquiring an additional 8,086 shares during the last quarter.

Insider Transactions at GE Vernova

In related news, CEO Victor Abate sold 4,819 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 1,835 shares of the company’s stock, valued at $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.

GE Vernova Price Performance

GE Vernova stock opened at $956.69 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. The stock has a market cap of $254.80 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 3.41 and a beta of 1.21. The firm has a 50-day moving average of $1,042.72 and a two-hundred day moving average of $969.61. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GEV shares. Morgan Stanley downgraded shares of GE Vernova from an “overweight” rating to an “underweight” rating in a report 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 boosted their target price on GE Vernova from $1,206.00 to $1,298.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. BNP Paribas Exane cut GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 target price on the stock. in a research note on Monday, April 27th. Finally, Zacks Research downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $1,133.15.

About GE Vernova

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.