Mathes Company Inc. Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Mathes Company Inc. bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,771 shares of the company’s stock, valued at approximately $1,504,000.

Several other large investors also recently bought and sold shares of GEV. Anderson Hoagland & Co. purchased a new stake in GE Vernova during the 1st quarter worth approximately $1,720,000. Maryland State Retirement & Pension System purchased a new stake in GE Vernova during the 1st quarter worth approximately $2,892,000. Valeo Financial Advisors LLC purchased a new stake in GE Vernova during the 1st quarter worth approximately $673,000. Boit C F David purchased a new stake in GE Vernova during the 1st quarter worth approximately $149,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in GE Vernova during the 1st quarter valued at approximately $30,000.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. William Blair assumed coverage on shares of GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating for the company. Argus assumed coverage on shares of GE Vernova in a research note on Thursday, June 13th. They set a “buy” rating and a $190.00 price objective for the company. Daiwa Capital Markets assumed coverage on shares of GE Vernova in a research note on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective for the company. Citigroup assumed coverage on shares of GE Vernova in a research note on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price objective for the company. Finally, BMO Capital Markets assumed coverage on shares of GE Vernova in a research note on Friday, September 13th. They set an “outperform” rating and a $245.00 price objective for the company. Three analysts have rated the stock with a hold rating, sixteen 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 an average rating of “Moderate Buy” and a consensus price target of $217.64.

GE Vernova Stock Down 0.6 %

Shares of NYSE GEV opened at $235.63 on Thursday. The business has a fifty day moving average of $185.43. GE Vernova Inc. has a one year low of $115.00 and a one year high of $241.52.

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

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.