Vanguard Personalized Indexing Management LLC Invests $3.36 Million in GE Vernova Inc. (NYSE:GEV)

Vanguard Personalized Indexing Management LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,107 shares of the company’s stock, valued at approximately $3,358,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators purchased a new position in GE Vernova during the second quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new position in GE Vernova in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in GE Vernova in the 2nd quarter worth about $25,000. Global Trust Asset Management LLC purchased a new stake in 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 second quarter valued at approximately $27,000.

GE Vernova Price Performance

NYSE GEV opened at $244.45 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $245.00. The business’s fifty day simple moving average is $186.78.

GE Vernova (NYSE:GEV) last announced its earnings results 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 analysts’ expectations of $8.42 billion. As a group, equities analysts expect that GE Vernova Inc. will post 3.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $200.00 to $300.00 in a research note on Tuesday. Daiwa Capital Markets began coverage on shares of GE Vernova in a research note on Friday, June 21st. They set an “outperform” rating and a $201.50 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of GE Vernova from $216.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. HSBC began coverage on shares of GE Vernova in a research report on Monday, August 12th. They set a “buy” rating and a $215.00 price target on the stock. Finally, Hsbc Global Res upgraded shares of GE Vernova to a “strong-buy” rating in a report on Monday, August 12th. Three equities 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.64.

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.