Hedeker Wealth LLC Invests $4.97 Million in GE Vernova Inc. $GEV

Hedeker Wealth LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent filing with the SEC. The firm bought 4,230 shares of the company’s stock, valued at approximately $4,970,000.

Several other institutional investors have also recently bought and sold shares of GEV. Parvin Asset Management LLC bought a new stake in GE Vernova during the second quarter valued at about $32,000. Pingora Partners LLC bought a new position in shares of GE Vernova in the second quarter worth about $36,000. Manning & Napier Advisors LLC lifted its position in shares of GE Vernova by 68.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after purchasing an additional 13 shares during the last quarter. IMG Wealth Management Inc. acquired a new position in shares of GE Vernova during the 2nd quarter worth about $39,000. Finally, Miller Global Investments LLC boosted its stake in GE Vernova by 63.6% during the 2nd quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock valued at $42,000 after purchasing an additional 14 shares during the period.

Wall Street Analyst Weigh In

GEV has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their target price on GE Vernova from $1,195.00 to $1,225.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Mizuho increased their price objective on GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Jefferies Financial Group restated a “buy” rating on shares of GE Vernova in a research note on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Vernova in a research report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of 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. Two 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 issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,155.28.

GE Vernova Trading Up 3.0%

Shares of GEV opened at $970.55 on Wednesday. The stock’s 50-day moving average price is $1,009.73 and its 200 day moving average price is $981.53. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $258.49 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 4.38 and a beta of 1.15. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data 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 firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter in the prior year, the business posted $1.86 EPS. GE Vernova’s revenue was up 21.9% compared to the same quarter last year. As a group, research analysts predict that GE Vernova Inc. will post 15.36 earnings per share for the current year.

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.