Kowal Investment Group LLC Buys Shares of 1,874 GE Vernova Inc. (NYSE:GEV)

Kowal Investment Group LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,874 shares of the company’s stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Newport Trust Company LLC acquired a new stake in GE Vernova during the 2nd quarter valued at approximately $650,140,000. Bank of New York Mellon Corp acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $537,674,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of GE Vernova during the 1st quarter worth approximately $367,474,000. Assenagon Asset Management S.A. acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $217,569,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $176,775,000.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Jefferies Financial Group raised their price objective on shares of GE Vernova from $261.00 to $293.00 and gave the stock a “buy” rating in a research report on Friday. William Blair assumed coverage on shares of GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Citigroup assumed coverage on shares of GE Vernova in a research report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price objective for the company. Barclays started coverage on shares of GE Vernova in a research report on Monday, September 16th. They set an “overweight” rating and a $250.00 price objective for the company. Finally, Daiwa Capital Markets started coverage on GE Vernova in a report on Friday, June 21st. They issued an “outperform” rating and a $201.50 target price on the stock. 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $219.42.

GE Vernova Trading Up 0.4 %

Shares of NYSE:GEV opened at $245.46 on Friday. The company’s fifty day 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 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. As a group, sell-side analysts forecast that GE Vernova Inc. will post 3.02 earnings per share for the current year.

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.