Frank Rimerman Advisors LLC Purchases Shares of 3,904 GE Vernova Inc. (NYSE:GEV)

Frank Rimerman Advisors LLC acquired a new stake 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 SEC. The institutional investor acquired 3,904 shares of the company’s stock, valued at approximately $670,000.

A number of other institutional investors have also recently made changes to their positions in GEV. Newport Trust Company LLC bought a new position in GE Vernova during the second quarter valued at approximately $650,140,000. Bank of New York Mellon Corp bought a new position in shares of GE Vernova during the 2nd quarter valued at approximately $537,674,000. Price T Rowe Associates Inc. MD purchased a new position in shares of GE Vernova in the first quarter valued at $367,474,000. Assenagon Asset Management S.A. bought a new stake in GE Vernova in the second quarter worth $217,569,000. Finally, Dimensional Fund Advisors LP purchased a new stake in GE Vernova during the second quarter valued at $176,775,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GEV shares. Jefferies Financial Group increased their price target on shares of GE Vernova from $261.00 to $293.00 and gave the company a “buy” rating in a report on Friday. Daiwa Capital Markets began coverage on GE Vernova in a report on Friday, June 21st. They issued an “outperform” rating and a $201.50 target price for the company. HSBC initiated coverage on GE Vernova in a report on Monday, August 12th. They set a “buy” rating and a $215.00 price target on the stock. Argus started coverage on shares of GE Vernova in a research note on Thursday, June 13th. They set a “buy” rating and a $190.00 price objective for the company. Finally, Mizuho increased their target price 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. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $219.42.

GE Vernova Trading Up 2.5 %

GEV opened at $251.55 on Tuesday. The business’s fifty day moving average price is $189.57. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $254.87.

GE Vernova (NYSE:GEV) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $8.42 billion. On average, equities research analysts forecast that GE Vernova Inc. will post 3.02 EPS 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.