IPG Investment Advisors LLC Buys 1,614 Shares of GE Vernova Inc. $GEV

IPG Investment Advisors LLC increased its stake in GE Vernova Inc. (NYSE:GEV) by 37.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,889 shares of the company’s stock after acquiring an additional 1,614 shares during the quarter. GE Vernova comprises 1.0% of IPG Investment Advisors LLC’s holdings, making the stock its 27th largest holding. IPG Investment Advisors LLC’s holdings in GE Vernova were worth $6,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GEV. MCF Advisors LLC increased its stake in GE Vernova by 6.5% in the second quarter. MCF Advisors LLC now owns 2,649 shares of the company’s stock valued at $3,113,000 after purchasing an additional 162 shares in the last quarter. Arlington Capital Management Inc. acquired a new position in GE Vernova during the 2nd quarter worth approximately $220,000. National Pension Service raised its position in shares of GE Vernova by 3.0% during the second quarter. National Pension Service now owns 564,585 shares of the company’s stock worth $663,308,000 after purchasing an additional 16,218 shares during the period. Capital Analysts LLC grew its position in GE Vernova by 15.4% in the 2nd quarter. Capital Analysts LLC now owns 180 shares of the company’s stock valued at $211,000 after purchasing an additional 24 shares during the period. Finally, Summit Financial Strategies Inc. increased its stake in GE Vernova by 3.8% during the 2nd quarter. Summit Financial Strategies Inc. now owns 465 shares of the company’s stock valued at $546,000 after purchasing an additional 17 shares in the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of GE Vernova from $1,302.00 to $1,330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. William Blair reissued an “outperform” rating on shares of GE Vernova in a research note on Monday, August 3rd. Mizuho lifted their target price 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 reissued a “buy” rating on shares of GE Vernova in a research report on Monday, July 27th. Finally, Royal Bank Of Canada lifted their price objective on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price of $1,155.28.

GE Vernova Stock Performance

Shares of GEV opened at $951.90 on Thursday. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. The stock’s fifty day moving average price is $1,006.09 and its two-hundred day moving average price is $982.37. The firm has a market cap of $253.52 billion, a PE ratio of 27.24, a PEG ratio of 4.52 and a beta of 1.15.

GE Vernova (NYSE:GEV) last announced 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). The firm had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The company’s revenue was up 21.9% compared to the same quarter last year. During the same period last year, the business posted $1.86 EPS. On average, equities research analysts forecast 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

About GE Vernova

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.