Mar Vista Investment Partners LLC Grows Stock Holdings in GE Vernova Inc. $GEV

Mar Vista Investment Partners LLC raised its holdings in GE Vernova Inc. (NYSE:GEV) by 12.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 26,096 shares of the company’s stock after acquiring an additional 2,905 shares during the period. GE Vernova accounts for about 3.1% of Mar Vista Investment Partners LLC’s holdings, making the stock its 16th biggest position. Mar Vista Investment Partners LLC’s holdings in GE Vernova were worth $30,659,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cornerstone Financial Management LLC purchased a new stake in shares of GE Vernova in the fourth quarter valued at $25,000. Wealth Watch Advisors INC purchased a new position in GE Vernova during the third quarter worth about $25,000. Torren Management LLC purchased a new position in GE Vernova during the fourth quarter worth about $26,000. Manning & Napier Advisors LLC boosted its stake in GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after buying an additional 13 shares during the last quarter. Finally, Navalign LLC acquired a new stake in GE Vernova in the 4th quarter worth about $27,000.

Insider Transactions at GE Vernova

In related news, CEO Victor Abate sold 4,819 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the completion of the sale, the chief executive officer owned 1,835 shares of the company’s stock, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GEV. TD Cowen upped their price objective on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Zacks Research cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Wall Street Zen cut shares of GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Argus set a $1,300.00 target price on shares of GE Vernova in a report on Monday, April 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,133.15.

GE Vernova Price Performance

GEV stock opened at $956.69 on Monday. The company 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 current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $1,042.72 and a two-hundred day moving average price of $969.61. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The firm had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 earnings per share. As a group, research 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.