Kercheville Advisors LLC Boosts Stock Holdings in GE Vernova Inc. $GEV

Kercheville Advisors LLC grew its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 6.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,130 shares of the company’s stock after acquiring an additional 493 shares during the quarter. GE Vernova makes up 2.9% of Kercheville Advisors LLC’s holdings, making the stock its 10th biggest holding. Kercheville Advisors LLC’s holdings in GE Vernova were worth $9,551,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors increased its position in shares of GE Vernova by 19.9% during the 4th quarter. World Investment Advisors now owns 13,497 shares of the company’s stock valued at $8,821,000 after purchasing an additional 2,241 shares during the last quarter. Riverbend Wealth Management LLC bought a new stake in GE Vernova in the fourth quarter worth $567,000. Vest Financial LLC boosted its stake in GE Vernova by 56.7% during the fourth quarter. Vest Financial LLC now owns 66,191 shares of the company’s stock worth $43,260,000 after buying an additional 23,956 shares during the period. RiverFront Investment Group LLC increased its position in GE Vernova by 239.2% during the fourth quarter. RiverFront Investment Group LLC now owns 2,191 shares of the company’s stock valued at $1,432,000 after acquiring an additional 1,545 shares during the last quarter. Finally, Danske Bank A S increased its position in GE Vernova by 5.5% during the fourth quarter. Danske Bank A S now owns 156,236 shares of the company’s stock valued at $102,111,000 after acquiring an additional 8,086 shares during the last quarter.

GE Vernova Stock Performance

GE Vernova stock opened at $1,082.30 on Tuesday. The company has a 50 day moving average price of $1,037.03 and a 200-day moving average price of $962.56. 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 fifty-two week low of $530.16 and a fifty-two week high of $1,195.94. The company has a market capitalization of $288.25 billion, a PE ratio of 30.98, a P/E/G ratio of 3.79 and a beta of 1.21.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. 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 previous year, the firm posted $1.86 EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, equities analysts forecast that GE Vernova Inc. will post 15.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Mizuho raised their target price on shares of GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Susquehanna set a $1,300.00 target price on GE Vernova in a research report on Thursday, April 23rd. Morgan Stanley cut GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Zacks Research downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Barclays raised their price target on GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $1,133.15.

Insider Buying and Selling at GE Vernova

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

About GE Vernova

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.