27,911 Shares in GE Vernova Inc. $GEV Bought by Tredje AP fonden

Tredje AP fonden bought a new stake in GE Vernova Inc. (NYSE:GEV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,911 shares of the company’s stock, valued at approximately $18,242,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in shares of GE Vernova during the 4th quarter worth about $26,000. Jackson Grant Investment Advisers Inc. raised its holdings in GE Vernova by 344.4% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after acquiring an additional 31 shares in the last quarter. Wealth Watch Advisors INC bought a new stake in GE Vernova during the third quarter worth about $25,000. ORG Wealth Partners LLC boosted its position in GE Vernova by 241.7% during the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock valued at $27,000 after purchasing an additional 29 shares during the last quarter. Finally, Navalign LLC acquired a new position in GE Vernova during the fourth quarter valued at approximately $27,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GEV shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,328.00 price target on shares of GE Vernova in a research report on Friday, April 24th. Wall Street Zen raised shares of GE Vernova from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. UBS Group restated a “buy” rating on shares of GE Vernova in a report on Thursday, January 29th. China Renaissance raised shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada increased their price target on shares of GE Vernova from $996.00 to $1,195.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,090.76.

GE Vernova Stock Performance

GEV opened at $1,013.61 on Tuesday. 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 Inc. has a 12-month low of $421.64 and a 12-month high of $1,181.95. The business has a 50 day moving average of $961.74 and a 200-day moving average of $779.07. The stock has a market cap of $272.38 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 3.93 and a beta of 1.51.

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

Insider Activity at GE Vernova

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

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.