Integrated Wealth Concepts LLC Increases Stock Holdings in GE Vernova Inc. $GEV

Integrated Wealth Concepts LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 3.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,963 shares of the company’s stock after acquiring an additional 676 shares during the period. Integrated Wealth Concepts LLC’s holdings in GE Vernova were worth $21,105,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cornerstone Financial Management LLC purchased a new stake in shares of GE Vernova during the fourth quarter valued at approximately $25,000. Wealth Watch Advisors INC purchased a new position in shares of GE Vernova in the third quarter valued at $25,000. Manning & Napier Advisors LLC boosted its stake 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. Navalign LLC acquired a new stake in GE Vernova during the 4th quarter valued at $27,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in GE Vernova during the 4th quarter valued at $30,000.

GE Vernova Trading Down 2.0%

NYSE:GEV opened at $951.90 on Thursday. The company has a market cap of $253.52 billion, a PE ratio of 27.24, a P/E/G ratio of 4.52 and a beta of 1.15. The business’s 50 day moving average is $1,006.09 and its two-hundred day moving average is $982.37. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share 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 the consensus estimate 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 last year, the firm posted $1.86 earnings per share. On average, analysts predict that GE Vernova Inc. will post 15.36 EPS for the current year.

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. TD Cowen boosted their price objective on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their target price on GE Vernova from $1,302.00 to $1,330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of GE Vernova in a research report on Monday, July 27th. Royal Bank Of Canada boosted their price target on GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, Sanford C. Bernstein boosted their price target on GE Vernova from $1,206.00 to $1,298.00 and gave the stock an “outperform” 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 issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,155.28.

GE Vernova Company 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.