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Institutional investors boosted GE Vernova shares on strong earnings and revenue growth.
Institutional investors including Cahaba Wealth Management, Ascent Capital Management, US Asset Management, and Patton Fund Management made new or increased investments in GE Vernova Inc. during the second quarter, citing strong financial performance with $1.86 earnings per share and $9.11 billion in revenue, up 11.1% year-over-year.
The company, which operates in power generation, wind energy, and electrification, has a market cap of $164.75 billion and a high P/E ratio of 145.83.
Despite a CFO’s sale of 3,300 shares, analysts maintain a “Moderate Buy” rating with a $592.35 target, and the stock has a 0.2% dividend yield.
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Los inversores institucionales impulsaron las acciones de GE Vernova gracias a las fuertes ganancias y al crecimiento de los ingresos.