GE Vernova Inc. $GEV Holdings Boosted by Kercheville Advisors LLC

Kercheville Advisors LLC boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,130 shares of the company’s stock after buying an additional 493 shares during the quarter. GE Vernova makes up about 2.9% of Kercheville Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Kercheville Advisors LLC’s holdings in GE Vernova were worth $9,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GEV. World Investment Advisors boosted its position in shares of GE Vernova by 19.9% in the fourth quarter. World Investment Advisors now owns 13,497 shares of the company’s stock worth $8,821,000 after purchasing an additional 2,241 shares during the period. Riverbend Wealth Management LLC purchased a new stake in shares of GE Vernova in the fourth quarter worth $567,000. Vest Financial LLC raised its position in shares of GE Vernova by 56.7% during the 4th quarter. Vest Financial LLC now owns 66,191 shares of the company’s stock valued at $43,260,000 after purchasing an additional 23,956 shares during the period. RiverFront Investment Group LLC lifted its stake in shares of GE Vernova by 239.2% during the 4th quarter. RiverFront Investment Group LLC now owns 2,191 shares of the company’s stock valued at $1,432,000 after buying an additional 1,545 shares in the last quarter. Finally, Danske Bank A S boosted its holdings in 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 buying an additional 8,086 shares during the period.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of analyst reports. Susquehanna set a $1,300.00 price target on GE Vernova in a research note on Thursday, April 23rd. Argus set a $1,300.00 price objective on GE Vernova in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Vernova in a research note on Tuesday, July 21st. BMO Capital Markets reiterated an “outperform” rating on shares of GE Vernova in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. lifted 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. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus target price of $1,133.15.

GE Vernova Trading Up 1.8%

Shares of GEV stock opened at $1,082.30 on Tuesday. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average price is $1,037.03 and its 200-day moving average price is $962.56. The stock has a market capitalization of $288.25 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 3.79 and a beta of 1.21.

GE Vernova (NYSE:GEV) last posted 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 firm had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. GE Vernova’s quarterly revenue was up 21.9% on a year-over-year basis. Equities research analysts predict that GE Vernova Inc. will post 15.57 EPS for the current fiscal year.

Insider Activity

In other 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 transaction of $4,568,797.52. Following the completion of the transaction, the chief executive officer directly owned 1,835 shares in the company, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.

GE Vernova Profile

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.