38,497 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,497 shares of the company’s stock, valued at approximately $6,603,000.

Several other institutional investors have also recently made changes to their positions in the business. Deseret Mutual Benefit Administrators acquired a new stake in GE Vernova during the second quarter valued at $25,000. Trifecta Capital Advisors LLC acquired a new stake in GE Vernova during the second quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in GE Vernova during the second quarter valued at $25,000. Global Trust Asset Management LLC acquired a new stake in GE Vernova during the second quarter valued at $26,000. Finally, Gradient Investments LLC acquired a new stake in GE Vernova during the second quarter valued at $27,000.

GE Vernova Trading Up 0.4 %

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

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping 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 Analyst Weigh In

GEV has been the topic of several research analyst reports. Hsbc Global Res upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. Argus initiated coverage on shares of GE Vernova in a research report on Thursday, June 13th. They issued a “buy” rating and a $190.00 target price on the stock. The Goldman Sachs Group lifted their target price on shares of GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America upgraded shares of GE Vernova from a “neutral” rating to a “buy” rating and lifted their target price for the company from $200.00 to $300.00 in a research report on Tuesday, September 17th. Finally, Daiwa Capital Markets initiated coverage on shares of GE Vernova in a research report on Friday, June 21st. They issued an “outperform” rating and a $201.50 target price on the stock. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, GE Vernova presently has a consensus 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.