Waverly Advisors LLC Acquires 864 Shares of GE Vernova Inc. $GEV

Waverly Advisors LLC grew its holdings in GE Vernova Inc. (NYSE:GEV) by 4.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,651 shares of the company’s stock after buying an additional 864 shares during the period. Waverly Advisors LLC’s holdings in GE Vernova were worth $21,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GEV. Cornerstone Financial Management LLC bought a new position in shares of GE Vernova in the 4th quarter valued at about $25,000. Wealth Watch Advisors INC bought a new stake in GE Vernova during the third quarter worth approximately $25,000. Manning & Napier Advisors LLC raised its position in GE Vernova by 68.4% during 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. Navalign LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at approximately $27,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at approximately $30,000.

GE Vernova Trading Up 3.0%

Shares of NYSE GEV opened at $970.55 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The business’s 50 day moving average price is $1,009.73 and its 200-day moving average price is $981.53. GE Vernova Inc. has a fifty-two week low of $530.16 and a fifty-two week high of $1,195.94. The company has a market cap of $258.49 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 4.38 and a beta of 1.15.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The business had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. GE Vernova’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 EPS. On average, sell-side analysts expect that GE Vernova Inc. will post 15.36 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GEV. BMO Capital Markets reissued an “outperform” rating on shares of GE Vernova in a research report on Friday, August 7th. Oppenheimer raised their price target on 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. JPMorgan Chase & Co. lifted their price objective on shares of GE Vernova from $1,302.00 to $1,330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada increased their target price on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Finally, TD Cowen increased their target price on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $1,155.28.

About GE Vernova

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.