Moller Wealth Partners Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Moller Wealth Partners purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 908 shares of the company’s stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Miracle Mile Advisors LLC boosted its stake in GE Vernova by 1.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,768 shares of the company’s stock valued at $706,000 after purchasing an additional 48 shares during the period. Parisi Gray Wealth Management grew its stake in shares of GE Vernova by 3.5% in the third quarter. Parisi Gray Wealth Management now owns 1,492 shares of the company’s stock worth $380,000 after acquiring an additional 51 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in GE Vernova by 1.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock worth $650,000 after acquiring an additional 61 shares during the period. Stonehearth Capital Management LLC raised its stake in GE Vernova by 6.1% during the 3rd quarter. Stonehearth Capital Management LLC now owns 1,474 shares of the company’s stock valued at $376,000 after purchasing an additional 85 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in GE Vernova by 9.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,094 shares of the company’s stock worth $279,000 after purchasing an additional 95 shares during the last quarter.

GE Vernova Trading Down 0.4 %

Shares of GEV stock traded down $0.94 during trading hours on Thursday, reaching $265.66. 834,482 shares of the company were exchanged, compared to its average volume of 3,673,476. The business has a fifty day moving average price of $210.95. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $269.30.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GEV shares. Guggenheim initiated coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective for the company. Oppenheimer started coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. Mizuho upped their target price on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Daiwa Capital Markets assumed coverage on shares of GE Vernova in a report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price target on the stock. Finally, BMO Capital Markets initiated coverage on shares of GE Vernova in a report on Friday, September 13th. They set an “outperform” rating and a $245.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.63.

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.