1,000 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by LSV Asset Management

LSV Asset Management purchased a new position in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,000 shares of the company’s stock, valued at approximately $172,000.

Other institutional investors also recently modified their holdings of the company. Varma Mutual Pension Insurance Co bought a new stake in GE Vernova during the 2nd quarter valued at about $10,641,000. Triasima Portfolio Management inc. bought a new stake in GE Vernova during the 2nd quarter valued at about $1,418,000. Ballentine Partners LLC bought a new stake in GE Vernova during the 2nd quarter valued at about $697,000. Koss Olinger Consulting LLC bought a new stake in GE Vernova during the 2nd quarter valued at about $317,000. Finally, Caprock Group LLC bought a new stake in GE Vernova during the 2nd quarter valued at about $2,674,000.

Analyst Ratings Changes

A number of research firms have weighed in on GEV. Jefferies Financial Group began coverage on shares of GE Vernova in a research note on Wednesday, September 4th. They set a “buy” rating and a $261.00 price objective for the company. HSBC started coverage on shares of GE Vernova in a research note on Monday, August 12th. They set a “buy” rating and a $215.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $180.00 price target on shares of GE Vernova in a report on Monday, July 22nd. Hsbc Global Res raised shares of GE Vernova to a “strong-buy” rating in a report on Monday, August 12th. Finally, Evercore ISI raised their price target on shares of GE Vernova from $202.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $196.66.

GE Vernova Trading Up 2.9 %

GEV opened at $215.31 on Friday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $217.09. The business has a 50 day simple moving average of $180.89.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. On average, equities research analysts predict that GE Vernova Inc. will post 3.02 earnings per share for the current year.

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.