U S Wealth Group LLC. Invests $667,000 in GE Vernova Inc. $GEV

U S Wealth Group LLC. bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 568 shares of the company’s stock, valued at approximately $667,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEV. Rench Wealth Management Inc. acquired a new position in GE Vernova in the 2nd quarter worth $265,000. Bouchey Financial Group Ltd. boosted its holdings in GE Vernova by 10.2% in the second quarter. Bouchey Financial Group Ltd. now owns 841 shares of the company’s stock valued at $988,000 after purchasing an additional 78 shares during the last quarter. Miramontes Capital LLC grew its stake in GE Vernova by 5.1% during the 2nd quarter. Miramontes Capital LLC now owns 817 shares of the company’s stock valued at $960,000 after purchasing an additional 40 shares in the last quarter. Capstone Financial Advisors Inc. increased its holdings in GE Vernova by 4.3% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 720 shares of the company’s stock worth $846,000 after purchasing an additional 30 shares during the last quarter. Finally, IPG Investment Advisors LLC raised its position in shares of GE Vernova by 37.8% in the 2nd quarter. IPG Investment Advisors LLC now owns 5,889 shares of the company’s stock valued at $6,922,000 after purchasing an additional 1,614 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. TD Cowen increased their price objective 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. Sanford C. Bernstein raised 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. Morgan Stanley downgraded shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Vernova in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $1,155.28.

GE Vernova Trading Down 2.9%

NYSE GEV opened at $923.39 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94. The company has a 50-day simple moving average of $1,002.29 and a 200-day simple moving average of $983.03. The firm has a market capitalization of $245.93 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 4.42 and a beta of 1.15.

GE Vernova (NYSE:GEV) last released its quarterly earnings data 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). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.79 billion. During the same quarter last year, the company earned $1.86 EPS. GE Vernova’s revenue was up 21.9% compared to the same quarter last year. On average, equities analysts forecast that GE Vernova Inc. will post 15.36 earnings per share for the current year.

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.