Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Buys 6,332 Shares of GE Vernova Inc. $GEV

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD boosted its position in GE Vernova Inc. (NYSE:GEV) by 71.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 15,214 shares of the company’s stock after purchasing an additional 6,332 shares during the period. GE Vernova comprises about 2.2% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s portfolio, making the stock its 12th biggest holding. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in GE Vernova were worth $17,882,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GEV. California State Teachers Retirement System raised its stake in shares of GE Vernova by 116,092.4% in the second quarter. California State Teachers Retirement System now owns 483,330,355 shares of the company’s stock valued at $567,845,501,000 after buying an additional 482,914,381 shares during the period. Auto Owners Insurance Co lifted its position in shares of GE Vernova by 110,973.4% during the 4th quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock valued at $2,278,224,000 after buying an additional 34,826,773 shares during the last quarter. BlackRock Inc. bought a new position in shares of GE Vernova during the 2nd quarter worth $25,569,630,000. Norges Bank bought a new position in shares of GE Vernova during the 4th quarter worth $2,283,114,000. Finally, Bank of America Corp DE purchased a new stake in GE Vernova in the 2nd quarter worth about $2,961,612,000.

GE Vernova Stock Performance

Shares of GEV opened at $970.55 on Wednesday. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The stock’s 50-day simple moving average is $1,009.73 and its 200 day simple moving average is $981.53. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The stock has a market capitalization of $258.49 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 4.38 and a beta of 1.15.

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 net margin of 23.03% and a return on equity of 42.42%. The company had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.79 billion. During the same period in the previous year, the firm earned $1.86 EPS. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. Research analysts forecast that GE Vernova Inc. will post 15.36 EPS for the current fiscal year.

Analyst Ratings Changes

GEV has been the topic of a number of research reports. Guggenheim boosted their price objective on GE Vernova from $1,300.00 to $1,450.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. William Blair reiterated an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Oppenheimer lifted their target price on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada boosted their price target on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Sanford C. Bernstein upped their price target on shares of GE Vernova from $1,206.00 to $1,298.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,155.28.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company that provides equipment, software and services for electricity generation, transmission and distribution. Its portfolio is designed to support power systems across a range of energy sources, including natural gas, nuclear, hydroelectric, wind and solar power, as well as battery storage.

The company operates through three primary businesses: Power, Wind and Electrification. Power supplies gas and steam turbines, generators, nuclear power technologies, hydroelectric equipment and related maintenance services.