696,113 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA purchased a new position in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 696,113 shares of the company’s stock, valued at approximately $119,390,000. Massachusetts Financial Services Co. MA owned approximately 0.25% of GE Vernova as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GEV. Deseret Mutual Benefit Administrators bought a new stake in shares of GE Vernova during the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC bought a new stake in shares of GE Vernova during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new stake in shares of GE Vernova during the second quarter valued at approximately $25,000. Global Trust Asset Management LLC bought a new stake in shares of GE Vernova during the second quarter valued at approximately $26,000. Finally, Gradient Investments LLC acquired a new position in GE Vernova in the second quarter valued at approximately $27,000.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. 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 objective on the stock. Evercore ISI increased their price objective on shares of GE Vernova from $202.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. BMO Capital Markets assumed coverage on shares of GE Vernova in a report on Friday, September 13th. They issued an “outperform” rating and a $245.00 price objective on the stock. Finally, William Blair assumed coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $217.64.

GE Vernova Trading Down 0.6 %

Shares of NYSE:GEV opened at $235.63 on Thursday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $241.52. The stock’s fifty day moving average is $185.43.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates 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. Research analysts predict that GE Vernova Inc. will post 3.02 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.