13,857 Shares in GE Vernova Inc. $GEV Bought by Compass Capital Management Inc.

Compass Capital Management Inc. acquired a new position in GE Vernova Inc. (NYSE:GEV) in the second quarter, HoldingsChannel reports. The institutional investor acquired 13,857 shares of the company’s stock, valued at approximately $16,280,000. GE Vernova accounts for 1.0% of Compass Capital Management Inc.’s portfolio, making the stock its 29th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC bought a new stake in shares of GE Vernova during the 4th quarter valued at about $25,000. Wealth Watch Advisors INC bought a new position in GE Vernova in the third quarter worth about $25,000. Torren Management LLC acquired a new position in GE Vernova in the fourth quarter valued at approximately $26,000. Manning & Napier Advisors LLC boosted its stake in GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after acquiring an additional 13 shares during the period. Finally, Navalign LLC bought a new position in shares of GE Vernova during the fourth quarter valued at approximately $27,000.

Insider Buying and Selling

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were 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 of the company’s stock, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GEV. Royal Bank Of Canada raised their price target on GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Oppenheimer increased their target price on GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Argus set a $1,300.00 target price on GE Vernova in a research note on Monday, April 27th. Jefferies Financial Group reissued a “buy” rating on shares of GE Vernova in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of GE Vernova from $1,302.00 to $1,330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average price target of $1,133.15.

GE Vernova Stock Down 1.0%

GE Vernova stock opened at $956.69 on Friday. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The stock has a market cap of $254.80 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 3.45 and a beta of 1.21. The company’s 50-day moving average price is $1,042.72 and its two-hundred day moving average price is $968.13. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The company had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. GE Vernova’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 EPS. On average, analysts expect that GE Vernova Inc. will post 15.57 EPS for the current fiscal year.

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.