Larson Financial Group LLC Purchases 525 Shares of GE Vernova Inc. $GEV

Larson Financial Group LLC grew its position in shares of GE Vernova Inc. (NYSE:GEV) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,894 shares of the company’s stock after acquiring an additional 525 shares during the quarter. Larson Financial Group LLC’s holdings in GE Vernova were worth $4,506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. RFG Advisory LLC boosted its position in shares of GE Vernova by 2.1% during the 4th quarter. RFG Advisory LLC now owns 634 shares of the company’s stock valued at $414,000 after acquiring an additional 13 shares during the last quarter. Voisard Asset Management Group Inc. boosted its position in shares of GE Vernova by 2.7% during the 4th quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company’s stock valued at $376,000 after acquiring an additional 15 shares during the last quarter. Clean Yield Group boosted its position in shares of GE Vernova by 2.2% during the 4th quarter. Clean Yield Group now owns 685 shares of the company’s stock valued at $448,000 after acquiring an additional 15 shares during the last quarter. Rossmore Private Capital boosted its position in shares of GE Vernova by 2.8% during the 4th quarter. Rossmore Private Capital now owns 559 shares of the company’s stock valued at $365,000 after acquiring an additional 15 shares during the last quarter. Finally, Sutton Place Investors LLC boosted its position in shares of GE Vernova by 3.1% during the 4th quarter. Sutton Place Investors LLC now owns 531 shares of the company’s stock valued at $347,000 after acquiring an additional 16 shares during the last quarter.

GE Vernova Stock Down 3.4%

Shares of GEV opened at $1,013.61 on Tuesday. The company has a market cap of $272.38 billion, a PE ratio of 29.53, a P/E/G ratio of 3.93 and a beta of 1.51. The business has a fifty day moving average of $961.74 and a 200 day moving average of $779.07. GE Vernova Inc. has a 52-week low of $421.64 and a 52-week high of $1,181.95. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The company had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.GE Vernova’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. On average, sell-side analysts expect that GE Vernova Inc. will post 14.84 EPS for the current year.

Insider Transactions at GE Vernova

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the sale, the chief accounting officer owned 3,549 shares in the company, valued at $3,758,710.41. This trade represents a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on GEV shares. TD Cowen increased their target price on GE Vernova from $780.00 to $1,220.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Guggenheim increased their target price on GE Vernova from $910.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their price target on GE Vernova from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, Wall Street Zen upgraded GE Vernova from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,090.76.

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.