Ignite Planners LLC Makes New $224,000 Investment in GE Vernova Inc. (NYSE:GEV)

Ignite Planners LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 878 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $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. acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Global Trust Asset Management LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $27,000.

Analysts Set New Price Targets

GEV has been the topic of several recent analyst reports. Redburn Atlantic began coverage on GE Vernova in a research report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price target on the stock. Evercore ISI boosted their target price on GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. 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. HSBC reissued a “hold” rating and set a $255.00 target price (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Finally, Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $300.00 in a report on Tuesday, September 17th. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $234.98.

GE Vernova Stock Up 0.7 %

GEV opened at $264.27 on Wednesday. The firm has a fifty day moving average price of $207.15. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $266.56.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. On average, research analysts expect that GE Vernova Inc. will post 2.83 EPS 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.