2,634 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Hollencrest Capital Management

Hollencrest Capital Management bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,634 shares of the company’s stock, valued at approximately $452,000.

Other institutional investors have also added to or reduced their stakes in the company. Bridges Investment Management Inc. bought a new stake in shares of GE Vernova during the 2nd quarter worth $631,000. Canada Pension Plan Investment Board bought a new position in shares of GE Vernova during the 2nd quarter valued at about $35,367,000. Granite Investment Partners LLC raised its holdings in shares of GE Vernova by 620.1% during the 2nd quarter. Granite Investment Partners LLC now owns 53,649 shares of the company’s stock valued at $9,201,000 after buying an additional 46,199 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new stake in GE Vernova in the 2nd quarter worth approximately $6,603,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in GE Vernova in the second quarter worth approximately $368,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GEV shares. HSBC started coverage on shares of GE Vernova in a research note on Monday, August 12th. They issued a “buy” rating and a $215.00 price objective for the company. The Goldman Sachs Group increased their target price on GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a report on Friday, July 26th. William Blair started coverage on GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating on the stock. BMO Capital Markets initiated coverage on GE Vernova in a research note on Friday, September 13th. They set an “outperform” rating and a $245.00 price objective for the company. Finally, Jefferies Financial Group initiated coverage on shares of GE Vernova in a research note on Wednesday, September 4th. They issued a “buy” rating and a $261.00 target price on the stock. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $217.64.

GE Vernova Stock Up 3.7 %

Shares of NYSE:GEV opened at $244.45 on Friday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $245.00. The firm’s fifty day moving average is $186.78.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $8.42 billion. On average, sell-side analysts predict 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.