Blair William & Co. IL Invests $7.45 Million in GE Vernova Inc. (NYSE:GEV)

Blair William & Co. IL purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,408 shares of the company’s stock, valued at approximately $7,445,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GEV. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova during the 2nd quarter worth $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in GE Vernova in the 2nd quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new position in GE Vernova during the second quarter worth $26,000. Finally, Gradient Investments LLC purchased a new stake in GE Vernova during the second quarter worth $27,000.

GE Vernova Stock Up 0.4 %

Shares of NYSE GEV opened at $245.46 on Friday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $250.85. The stock has a 50-day moving average of $188.08.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data 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 firm had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. On average, research analysts anticipate that GE Vernova Inc. will post 3.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GEV shares. Redburn Atlantic began coverage on shares of GE Vernova in a research report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price objective on the stock. Hsbc Global Res raised shares of GE Vernova to a “strong-buy” rating in a research note on Monday, August 12th. Morgan Stanley lifted their price objective on GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $300.00 in a research report on Tuesday. Finally, Citigroup initiated coverage on GE Vernova in a research report on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $219.42.

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.