Roman Butler Fullerton & Co. Acquires Shares of 2,979 GE Vernova Inc. $GEV

Roman Butler Fullerton & Co. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,979 shares of the company’s stock, valued at approximately $3,106,000.

Several other institutional investors have also recently made changes to their positions in GEV. Cura Wealth Advisors LLC bought a new position in shares of GE Vernova during the second quarter valued at about $294,000. Simplicity Wealth LLC purchased a new position in GE Vernova during the second quarter worth about $2,278,000. Baxter Bros Inc. bought a new stake in GE Vernova in the 2nd quarter worth about $12,201,000. Uniting Wealth Partners LLC bought a new stake in GE Vernova in the 2nd quarter worth about $1,020,000. Finally, Wealth Effects LLC purchased a new stake in GE Vernova in the 2nd quarter valued at about $2,092,000.

Insider Buying and Selling at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of the business’s 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 sale, the chief executive officer owned 1,835 shares of the company’s stock, valued at $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley cut shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Zacks Research lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Mizuho increased their price target on GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Guggenheim lifted their price target on GE Vernova from $1,300.00 to $1,450.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $1,328.00 price objective on shares of GE Vernova in a research report on Friday, April 24th. Two equities research 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 given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,133.15.

GE Vernova Trading Down 1.0%

Shares of GEV opened at $956.69 on Friday. The business has a 50-day moving average of $1,042.72 and a 200 day moving average of $968.13. GE Vernova Inc. has a fifty-two week low of $530.16 and a fifty-two week high of $1,195.94. The firm has a market cap of $254.80 billion, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 3.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). The business had revenue of $11.10 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 21.9% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share. As a group, research analysts forecast 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.