Quest Investment Management LLC Buys New Position in GE Vernova Inc. (NYSE:GEV)

Quest Investment Management LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,481 shares of the company’s stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Frank Rimerman Advisors LLC acquired a new stake in shares of GE Vernova during the second quarter worth $670,000. Long Road Investment Counsel LLC acquired a new stake in GE Vernova during the 2nd quarter worth about $603,000. ProShare Advisors LLC bought a new position in shares of GE Vernova in the 2nd quarter worth about $6,615,000. Profund Advisors LLC bought a new position in shares of GE Vernova in the 2nd quarter worth about $758,000. Finally, Kowal Investment Group LLC acquired a new position in shares of GE Vernova in the 2nd quarter valued at about $321,000.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Morgan Stanley boosted their price target on GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. BMO Capital Markets started coverage on shares of GE Vernova in a research report on Friday, September 13th. They set an “outperform” rating and a $245.00 target price on the stock. Evercore ISI increased their target price on shares of GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Barclays started coverage on shares of GE Vernova in a research note on Monday, September 16th. They issued an “overweight” rating and a $250.00 price target for the company. Finally, Argus began coverage on GE Vernova in a research note on Thursday, June 13th. They issued a “buy” rating and a $190.00 target price for the company. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $219.42.

GE Vernova Stock Performance

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

GE Vernova (NYSE:GEV) last released 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 business had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. As a group, research analysts anticipate 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.