GE Vernova Inc. $GEV Shares Acquired by AM Investment Strategies LLC

AM Investment Strategies LLC boosted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,872 shares of the company’s stock after buying an additional 54 shares during the quarter. GE Vernova accounts for approximately 1.2% of AM Investment Strategies LLC’s portfolio, making the stock its 17th largest holding. AM Investment Strategies LLC’s holdings in GE Vernova were worth $5,223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GEV. GAMMA Investing LLC grew its position in GE Vernova by 32,984.2% during the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company’s stock worth $653,769,000 after buying an additional 2,135,066 shares during the period. AQR Capital Management LLC grew its position in GE Vernova by 252.9% during the first quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company’s stock worth $366,016,000 after buying an additional 892,549 shares during the period. Amundi grew its position in GE Vernova by 109.0% during the first quarter. Amundi now owns 1,665,980 shares of the company’s stock worth $496,013,000 after buying an additional 868,927 shares during the period. Assenagon Asset Management S.A. grew its position in GE Vernova by 10,044.9% during the second quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company’s stock worth $445,773,000 after buying an additional 834,129 shares during the period. Finally, TD Asset Management Inc grew its position in GE Vernova by 627.2% during the first quarter. TD Asset Management Inc now owns 926,842 shares of the company’s stock worth $282,946,000 after buying an additional 799,388 shares during the period.

GE Vernova Stock Performance

Shares of GEV opened at $633.65 on Wednesday. The company has a market capitalization of $172.49 billion, a price-to-earnings ratio of 152.69, a PEG ratio of 4.70 and a beta of 1.87. The company’s 50 day simple moving average is $620.35 and its 200 day simple moving average is $483.28. GE Vernova Inc. has a 1 year low of $247.07 and a 1 year high of $677.29.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GEV shares. Wolfe Research lowered shares of GE Vernova from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Susquehanna upped their price target on shares of GE Vernova from $662.00 to $736.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Melius raised shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price target on the stock in a report on Monday, September 15th. UBS Group began coverage on shares of GE Vernova in a report on Monday, July 7th. They issued a “buy” rating and a $614.00 price target on the stock. Finally, Citigroup upped their price target on shares of GE Vernova from $544.00 to $670.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $592.35.

Insider Activity

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the transaction, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.15% of the company’s stock.

GE Vernova Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.