Bokf Na Invests $2.13 Million in GE Vernova Inc. (NYSE:GEV)

Bokf Na acquired a new position in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,391 shares of the company’s stock, valued at approximately $2,125,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Deseret Mutual Benefit Administrators acquired a new stake in GE Vernova during the second quarter worth $25,000. Trifecta Capital Advisors LLC acquired a new stake in GE Vernova during the second quarter worth $25,000. Global Trust Asset Management LLC acquired a new stake in GE Vernova during the second quarter worth $26,000. Timber Creek Capital Management LLC acquired a new stake in GE Vernova during the second quarter worth $27,000. Finally, Gradient Investments LLC acquired a new stake in GE Vernova during the second quarter worth $27,000.

GE Vernova Stock Up 4.8 %

Shares of NYSE GEV opened at $225.59 on Friday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $228.68. The business has a 50-day moving average of $181.89.

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 business had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. On average, equities research analysts anticipate that GE Vernova Inc. will post 3.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GEV. Morgan Stanley lifted their price target on shares of GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research note on Friday. Redburn Atlantic initiated coverage on GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective for the company. Hsbc Global Res raised GE Vernova to a “strong-buy” rating in a report on Monday, August 12th. Royal Bank of Canada reissued an “outperform” rating and set a $180.00 price objective on shares of GE Vernova in a report on Monday, July 22nd. Finally, The Goldman Sachs Group lifted their price objective on GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.03.

About GE Vernova

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.