Mather Group LLC. Has $1.46 Million Holdings in GE Vernova Inc. $GEV

Mather Group LLC. increased its holdings in GE Vernova Inc. (NYSE:GEV) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,765 shares of the company’s stock after purchasing an additional 94 shares during the quarter. Mather Group LLC.’s holdings in GE Vernova were worth $1,463,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. IMA Advisory Services Inc. bought a new stake in shares of GE Vernova in the 1st quarter valued at about $27,000. EQ Wealth Advisors LLC acquired a new position in shares of GE Vernova in the first quarter worth approximately $27,000. Mowery & Schoenfeld Wealth Management LLC lifted its stake in shares of GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after acquiring an additional 53 shares during the period. 1248 Management LLC bought a new stake in GE Vernova in the first quarter valued at approximately $31,000. Finally, Ransom Advisory Ltd acquired a new stake in GE Vernova during the 1st quarter valued at approximately $33,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GEV shares. Wall Street Zen lowered shares of GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. The Goldman Sachs Group boosted their target price on shares of GE Vernova from $500.00 to $570.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Wolfe Research cut shares of GE Vernova from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Jefferies Financial Group lifted their price objective on GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a research report on Friday, September 12th. Finally, Melius Research set a $740.00 target price on GE Vernova and gave the company a “buy” rating in a research report on Monday, September 15th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus price target of $592.35.

GE Vernova Trading Down 0.8%

Shares of NYSE GEV opened at $628.11 on Thursday. The firm has a market capitalization of $170.98 billion, a P/E ratio of 151.35, a P/E/G ratio of 4.62 and a beta of 1.87. The firm’s 50-day moving average price is $621.67 and its 200-day moving average price is $484.28. GE Vernova Inc. has a 1-year low of $247.07 and a 1-year high of $677.29.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same period in the previous year, the company posted $4.65 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the transaction, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is owned by insiders.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.