GE Vernova Inc. (NYSE:GEV) Shares Bought by Creative Planning

Creative Planning lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 11.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,641 shares of the company’s stock after acquiring an additional 5,382 shares during the period. Creative Planning’s holdings in GE Vernova were worth $13,422,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Newport Trust Company LLC bought a new position in shares of GE Vernova in the 2nd quarter worth about $650,140,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova during the second quarter worth about $537,674,000. Price T Rowe Associates Inc. MD bought a new position in GE Vernova in the first quarter worth about $367,474,000. Marshall Wace LLP acquired a new position in GE Vernova in the second quarter valued at approximately $399,770,000. Finally, Legal & General Group Plc bought a new position in shares of GE Vernova during the second quarter valued at approximately $293,699,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GEV. JPMorgan Chase & Co. raised their price target on GE Vernova from $240.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Truist Financial began coverage on GE Vernova in a research report on Thursday, September 26th. They issued a “buy” rating and a $300.00 target price on the stock. Barclays boosted their price target on shares of GE Vernova from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Finally, William Blair initiated coverage on shares of GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.83.

GE Vernova Trading Up 1.4 %

Shares of GE Vernova stock opened at $276.41 on Tuesday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $281.37. The company’s 50-day moving average price is $226.93 and its two-hundred day moving average price is $186.25.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. As a group, analysts expect that GE Vernova Inc. will post 3.21 earnings per share 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.