Bard Financial Services Inc. Has $709,000 Stock Position in GE Vernova Inc. (NYSE:GEV)

Bard Financial Services Inc. reduced its stake in GE Vernova Inc. (NYSE:GEV) by 38.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,780 shares of the company’s stock after selling 1,725 shares during the quarter. Bard Financial Services Inc.’s holdings in GE Vernova were worth $709,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GEV. Daiwa America raised GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. The Goldman Sachs Group raised their price target on 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 upped their price objective on shares of GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Redburn Atlantic began coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 target price on the stock. Finally, HSBC reaffirmed a “hold” rating and set a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a report on Friday. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $234.98.

GE Vernova Trading Up 4.3 %

Shares of NYSE:GEV opened at $265.59 on Friday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $266.42. The business’s fifty day simple moving average is $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 company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. Equities analysts anticipate that GE Vernova Inc. will post 2.83 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.