23,483 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,483 shares of the company’s stock, valued at approximately $4,028,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova in the second quarter valued at $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova during the second quarter worth $25,000. Global Trust Asset Management LLC bought a new position in shares of GE Vernova during the second quarter valued at $26,000. Finally, Gradient Investments LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at $27,000.

GE Vernova Stock Performance

GE Vernova stock opened at $235.63 on Thursday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $241.52. The company’s 50-day simple moving average is $185.43.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. On average, analysts forecast that GE Vernova Inc. will post 3.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Bank of America raised shares of GE Vernova from a “neutral” rating to a “buy” rating and lifted their price target for the company from $200.00 to $300.00 in a report on Tuesday. Jefferies Financial Group began coverage on shares of GE Vernova in a research note on Wednesday, September 4th. They issued a “buy” rating and a $261.00 target price for the company. Barclays began coverage on GE Vernova in a research report on Monday. They set an “overweight” rating and a $250.00 price target on the stock. William Blair started coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group boosted their price objective on GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $217.64.

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.