337,752 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Gladstone Capital Management LLP

Gladstone Capital Management LLP acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 337,752 shares of the company’s stock, valued at approximately $57,928,000. GE Vernova comprises 5.1% of Gladstone Capital Management LLP’s holdings, making the stock its 8th biggest position. Gladstone Capital Management LLP owned about 0.12% of GE Vernova at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GEV. Aspire Private Capital LLC acquired a new position in shares of GE Vernova during the second quarter worth approximately $40,000. GAMMA Investing LLC acquired a new position in GE Vernova during the 2nd quarter worth $776,000. Sequoia Financial Advisors LLC bought a new position in shares of GE Vernova in the second quarter worth $2,724,000. Parsons Capital Management Inc. RI bought a new position in shares of GE Vernova in the second quarter worth $275,000. Finally, Armstrong Henry H Associates Inc. acquired a new position in shares of GE Vernova during the second quarter valued at $523,000.

Analyst Ratings Changes

Several research firms recently weighed in on GEV. Bank of America raised shares of GE Vernova from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $300.00 in a report on Tuesday, September 17th. Mizuho raised their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Argus began coverage on GE Vernova in a report on Thursday, June 13th. They set a “buy” rating and a $190.00 target price on the stock. Daiwa America raised GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Finally, Daiwa Capital Markets started coverage on GE Vernova in a research report on Friday, June 21st. They set an “outperform” rating and a $201.50 price target on the stock. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $219.42.

GE Vernova Stock Performance

GE Vernova stock opened at $245.46 on Monday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $250.85. The firm’s fifty day moving average is $188.08.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share 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. As a group, equities analysts expect 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.