Yost Capital Management LP Buys Shares of 33,000 GE Vernova Inc. (NYSE:GEV)

Yost Capital Management LP purchased a new position in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,000 shares of the company’s stock, valued at approximately $5,660,000. GE Vernova comprises 9.4% of Yost Capital Management LP’s investment portfolio, making the stock its 6th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of GE Vernova by 1.7% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock valued at $650,000 after purchasing an additional 61 shares during the period. Wedmont Private Capital boosted its holdings in shares of GE Vernova by 3.2% in the second quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock worth $638,000 after buying an additional 109 shares during the last quarter. Deseret Mutual Benefit Administrators bought a new stake in GE Vernova during the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC purchased a new stake in GE Vernova during the second quarter valued at approximately $25,000. Finally, Meeder Asset Management Inc. bought a new position in GE Vernova in the second quarter worth approximately $25,000.

GE Vernova Trading Up 3.7 %

GEV stock 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 company’s fifty day moving average price is $186.78.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. As a group, analysts anticipate that GE Vernova Inc. will post 3.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GEV. Morgan Stanley lifted their target price on GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Daiwa Capital Markets assumed coverage on GE Vernova in a research report on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective on the stock. Bank of America raised shares of GE Vernova from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $300.00 in a report on Tuesday. The Goldman Sachs Group lifted their price target on shares of GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Jefferies Financial Group began coverage on shares of GE Vernova in a research report on Wednesday, September 4th. They issued a “buy” rating and a $261.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average 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.