Pavion Blue Capital LLC Buys Shares of 4,645 GE Vernova Inc. $GEV

Pavion Blue Capital LLC bought a new position in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 4,645 shares of the company’s stock, valued at approximately $5,457,000. GE Vernova comprises approximately 2.2% of Pavion Blue Capital LLC’s portfolio, making the stock its 15th biggest position.

Several other institutional investors have also modified their holdings of the stock. Manning & Napier Advisors LLC grew its holdings in shares of 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 purchasing an additional 13 shares during the period. IMG Wealth Management Inc. purchased a new position in GE Vernova during the second quarter worth about $39,000. Miller Global Investments LLC raised its stake in GE Vernova by 63.6% during the second quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock worth $42,000 after purchasing an additional 14 shares during the period. Torren Management LLC acquired a new position in GE Vernova in the 4th quarter valued at about $26,000. Finally, Cornerstone Financial Management LLC acquired a new position in GE Vernova in the 4th quarter valued at about $25,000.

Insiders Place Their Bets

In related news, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction that occurred on 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 owned 1,835 shares in the company, valued at approximately $1,739,726.80. This trade represents a 72.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

GEV has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of GE Vernova in a research note on Monday, July 27th. Wall Street Zen cut GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Vernova in a research report on Tuesday, July 21st. BNP Paribas Exane cut GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 target price for the company. in a research note on Monday, April 27th. Finally, Sanford C. Bernstein lifted their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,133.15.

GE Vernova Trading Down 1.0%

Shares of GEV stock opened at $956.69 on Friday. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The firm has a market cap of $254.80 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 3.41 and a beta of 1.21. The company has a 50-day moving average of $1,042.72 and a two-hundred day moving average of $968.13. 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 released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The company had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. During the same period last year, the firm posted $1.86 earnings per share. GE Vernova’s revenue was up 21.9% on a year-over-year basis. On average, analysts predict that GE Vernova Inc. will post 15.57 EPS for the current year.

GE Vernova Company 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.