625 Shares in GE Vernova Inc. $GEV Acquired by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp bought a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 625 shares of the company’s stock, valued at approximately $734,000.

Other hedge funds have also bought and sold shares of the company. Onyx Bridge Wealth Group LLC increased its holdings in shares of GE Vernova by 1.3% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company’s stock worth $635,000 after buying an additional 9 shares during the last quarter. Red Door Wealth Management LLC lifted its holdings in shares of GE Vernova by 0.6% during the 1st quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company’s stock worth $1,548,000 after acquiring an additional 10 shares during the last quarter. Advance Capital Management Inc. lifted its holdings in shares of GE Vernova by 2.2% during the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company’s stock worth $402,000 after acquiring an additional 10 shares during the last quarter. Alpha Financial Partners LLC grew its position in GE Vernova by 2.0% in the first quarter. Alpha Financial Partners LLC now owns 514 shares of the company’s stock worth $449,000 after acquiring an additional 10 shares in the last quarter. Finally, Sandy Cove Advisors LLC grew its position in GE Vernova by 2.6% in the second quarter. Sandy Cove Advisors LLC now owns 389 shares of the company’s stock worth $457,000 after acquiring an additional 10 shares in the last quarter.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $956.69 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The stock has a market cap of $254.80 billion, a PE ratio of 27.38, a PEG ratio of 3.41 and a beta of 1.21. The company’s fifty day moving average is $1,042.72 and its 200 day moving average is $968.13. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results 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 net margin of 23.03% and a return on equity of 42.42%. The business had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.79 billion. During the same quarter in the previous year, the company earned $1.86 earnings per share. The business’s quarterly revenue was up 21.9% on a year-over-year basis. Research analysts anticipate that GE Vernova Inc. will post 15.57 earnings per share for the current year.

Insider Buying and Selling at GE Vernova

In related news, CEO Victor Abate sold 4,819 shares of the stock in a transaction dated 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 in the company, valued at $1,739,726.80. This represents a 72.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Argus set a $1,300.00 price target on GE Vernova in a research report on Monday, April 27th. William Blair reiterated an “outperform” rating on shares of GE Vernova in a report on Monday, August 3rd. Sanford C. Bernstein increased their price objective on GE Vernova from $1,206.00 to $1,298.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. TD Cowen raised their price objective on GE Vernova from $1,220.00 to $1,235.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GE Vernova in a research report on Tuesday, July 21st. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,133.15.

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.