Long Road Investment Counsel LLC Purchases New Holdings in GE Vernova Inc. (NYSE:GEV)

Long Road Investment Counsel LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,515 shares of the company’s stock, valued at approximately $603,000.

Other hedge funds also recently modified their holdings of the company. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova in the second quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova in the 2nd quarter valued at $25,000. Meeder Asset Management Inc. acquired a new position in shares of GE Vernova in the 2nd quarter valued at $25,000. Global Trust Asset Management LLC bought a new position in shares of GE Vernova during the 2nd quarter worth about $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in shares of GE Vernova during the 2nd quarter valued at about $27,000.

Analyst Ratings Changes

Several research firms recently issued reports on GEV. The Goldman Sachs Group increased their price target on shares of GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Morgan Stanley raised their target price on GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Redburn Atlantic started coverage on GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $216.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Three 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 data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $219.42.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $245.46 on Friday. The firm has a 50 day moving average of $188.08. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $250.85.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. Equities analysts predict that GE Vernova Inc. will post 3.02 earnings per share for the current fiscal year.

GE Vernova 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.