Anchor Investment Management LLC Takes $326,000 Position in GE Vernova Inc. (NYSE:GEV)

Anchor Investment Management LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,898 shares of the company’s stock, valued at approximately $326,000.

Several other large investors also recently modified their holdings of the business. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova in the second quarter worth about $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova during the 2nd quarter valued at approximately $26,000. Finally, Gradient Investments LLC bought a new position in GE Vernova during the second quarter worth $27,000.

GE Vernova Stock Up 4.3 %

Shares of GEV opened at $265.59 on Friday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $266.42. The stock has a 50-day moving average price of $205.35.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping 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. As a group, analysts anticipate that GE Vernova Inc. will post 2.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GEV shares. JPMorgan Chase & Co. increased their target price on GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Daiwa Capital Markets began coverage on shares of GE Vernova in a report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price objective on the stock. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday. Barclays raised their price target on shares of GE Vernova from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and lifted their price target for the company from $200.00 to $300.00 in a report on Tuesday, September 17th. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $234.98.

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.