Los Angeles Capital Management LLC Takes $237,000 Position in GE Vernova Inc. (NYSE:GEV)

Los Angeles Capital Management LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,382 shares of the company’s stock, valued at approximately $237,000.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in GE Vernova during the second quarter worth approximately $537,674,000. Price T Rowe Associates Inc. MD acquired a new stake in GE Vernova during the first quarter worth approximately $367,474,000. Assenagon Asset Management S.A. acquired a new stake in GE Vernova during the second quarter worth approximately $217,569,000. Waverton Investment Management Ltd acquired a new stake in GE Vernova during the second quarter worth approximately $113,497,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in GE Vernova during the second quarter worth approximately $104,273,000.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of GE Vernova in a research report on Wednesday, September 4th. They set a “buy” rating and a $261.00 target price on the stock. Redburn Atlantic initiated coverage on shares of GE Vernova in a research report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 target price on the stock. Citigroup initiated coverage on shares of GE Vernova in a research note on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price target on the stock. Daiwa Capital Markets initiated coverage on shares of GE Vernova in a research note on Friday, June 21st. They set an “outperform” rating and a $201.50 price target on the stock. Finally, Mizuho increased their price target on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $203.03.

GE Vernova Trading Up 4.8 %

GE Vernova stock opened at $225.59 on Monday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $228.68. The business’s fifty day moving average price is $181.89.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share 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. On average, equities analysts expect that GE Vernova Inc. will post 3.02 EPS for the current fiscal 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.