755,103 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Clean Energy Transition LLP

Clean Energy Transition LLP bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 755,103 shares of the company’s stock, valued at approximately $129,508,000. GE Vernova comprises 7.0% of Clean Energy Transition LLP’s holdings, making the stock its 3rd biggest position. Clean Energy Transition LLP owned 0.28% of GE Vernova as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Aspire Private Capital LLC acquired a new stake in GE Vernova during the 2nd quarter worth about $40,000. GAMMA Investing LLC acquired a new stake in GE Vernova during the 2nd quarter worth about $776,000. Sequoia Financial Advisors LLC acquired a new stake in GE Vernova during the 2nd quarter worth about $2,724,000. Parsons Capital Management Inc. RI acquired a new stake in GE Vernova during the 2nd quarter worth about $275,000. Finally, Armstrong Henry H Associates Inc. acquired a new stake in GE Vernova during the 2nd quarter worth about $523,000.

GE Vernova Stock Up 0.4 %

NYSE:GEV opened at $245.46 on Friday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $250.85. The business’s 50 day moving average price is $188.08.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 forecast that GE Vernova Inc. will post 3.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GEV. Mizuho lifted their price target on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Jefferies Financial Group boosted their price objective on GE Vernova from $261.00 to $293.00 and gave the company a “buy” rating in a report on Friday. Hsbc Global Res raised GE Vernova to a “strong-buy” rating in a report on Monday, August 12th. Barclays assumed coverage on GE Vernova in a report on Monday, September 16th. They issued an “overweight” rating and a $250.00 price objective for the company. Finally, Royal Bank of Canada boosted their price objective on GE Vernova from $192.00 to $246.00 and gave the company an “outperform” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $219.42.

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.