Roman Butler Fullerton & Co. Purchases Shares of 2,979 GE Vernova Inc. $GEV

Roman Butler Fullerton & Co. purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,979 shares of the company’s stock, valued at approximately $3,106,000.

A number of other hedge funds also recently made changes to their positions in GEV. Cornerstone Financial Management LLC bought a new stake in GE Vernova in the fourth quarter valued at approximately $25,000. Wealth Watch Advisors INC acquired a new stake in GE Vernova during the 3rd quarter valued at approximately $25,000. Torren Management LLC bought a new position in GE Vernova during the 4th quarter worth approximately $26,000. Manning & Napier Advisors LLC raised its holdings in GE Vernova by 68.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after purchasing an additional 13 shares during the last quarter. Finally, Navalign LLC acquired a new position in shares of GE Vernova in the 4th quarter worth approximately $27,000.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GEV shares. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research note on Monday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of GE Vernova in a research note on Tuesday, July 21st. Jefferies Financial Group restated a “buy” rating on shares of GE Vernova in a report on Monday, July 27th. Argus set a $1,300.00 price target on GE Vernova in a report on Monday, April 27th. Finally, TD Cowen boosted their price objective on GE Vernova from $1,220.00 to $1,235.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,133.15.

GE Vernova Stock Down 1.0%

Shares of NYSE GEV opened at $956.69 on Friday. The stock has a market capitalization of $254.80 billion, a P/E ratio of 27.38, a P/E/G ratio of 3.45 and a beta of 1.21. The company has a 50-day moving average price of $1,042.72 and a 200-day moving average price of $968.13. 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.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share 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 business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. During the same quarter in the prior year, the company earned $1.86 EPS. The company’s revenue was up 21.9% on a year-over-year basis. On average, equities research analysts forecast that GE Vernova Inc. will post 15.57 EPS for the current fiscal year.

Insider Transactions at GE Vernova

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the business’s 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 sale, the chief executive officer directly owned 1,835 shares of the company’s stock, valued at approximately $1,739,726.80. The trade was a 72.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

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.