Thames Capital Management LLC Invests $10.33 Million in GE Vernova Inc. (NYSE:GEV)

Thames Capital Management LLC bought a new position in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 60,209 shares of the company’s stock, valued at approximately $10,326,000. GE Vernova makes up 4.0% of Thames Capital Management LLC’s holdings, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. bought a new position in GE Vernova during the second quarter valued at $14,126,000. Pacer Advisors Inc. purchased a new stake in shares of GE Vernova during the 2nd quarter valued at about $3,317,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of GE Vernova in the 2nd quarter valued at about $9,502,000. Newport Trust Company LLC purchased a new position in GE Vernova in the second quarter worth about $650,140,000. Finally, AE Wealth Management LLC bought a new stake in GE Vernova during the second quarter worth approximately $1,637,000.

Analyst Ratings Changes

GEV has been the subject of several analyst reports. Citigroup began coverage on GE Vernova in a research note on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price objective for the company. William Blair started coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Royal Bank of Canada lifted their price objective on shares of GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a research note on Tuesday. Daiwa Capital Markets began coverage on shares of GE Vernova in a research note on Friday, June 21st. They issued an “outperform” rating and a $201.50 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Three equities research 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 stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.42.

GE Vernova Trading Up 0.4 %

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

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. As a group, equities research analysts forecast that GE Vernova Inc. will post 3.02 earnings per share for the current fiscal 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.