U S Wealth Group LLC. Makes New Investment in GE Vernova Inc. $GEV

U S Wealth Group LLC. purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, Holdings Channel reports. The firm purchased 568 shares of the company’s stock, valued at approximately $667,000.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after buying an additional 753 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in GE Vernova by 1.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock worth $828,000 after acquiring an additional 26 shares during the period. Jump Financial LLC bought a new position in shares of GE Vernova in the second quarter worth $258,000. Ossiam bought a new position in shares of GE Vernova in the second quarter worth $42,000. Finally, Nebula Research & Development LLC increased its holdings in shares of GE Vernova by 23.9% during the second quarter. Nebula Research & Development LLC now owns 1,674 shares of the company’s stock valued at $886,000 after purchasing an additional 323 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GEV shares. William Blair restated an “outperform” rating on shares of GE Vernova in a research note on Monday, August 3rd. Morgan Stanley cut shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Sanford C. Bernstein boosted their price target on shares of GE Vernova from $1,206.00 to $1,298.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Guggenheim increased their price objective on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of GE Vernova in a research note on Tuesday, July 21st. Two 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,155.28.

GE Vernova Price Performance

Shares of NYSE GEV opened at $923.39 on Friday. GE Vernova Inc. has a twelve month low of $530.16 and a twelve 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 company has a market capitalization of $245.93 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 4.42 and a beta of 1.15. The firm has a 50-day moving average of $1,002.29 and a two-hundred day moving average of $983.03.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $10.79 billion. During the same period in the prior year, the firm earned $1.86 EPS. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, analysts expect that GE Vernova Inc. will post 15.36 earnings per share for the current fiscal 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.