11 Capital Partners LP Purchases Shares of 86,545 GE Vernova Inc. (NYSE:GEV)

11 Capital Partners LP purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 86,545 shares of the company’s stock, valued at approximately $14,843,000. GE Vernova accounts for 5.8% of 11 Capital Partners LP’s portfolio, making the stock its 9th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in GEV. Anderson Hoagland & Co. purchased a new stake in GE Vernova during the first quarter valued at about $1,720,000. Maryland State Retirement & Pension System purchased a new stake in GE Vernova during the first quarter valued at about $2,892,000. Valeo Financial Advisors LLC purchased a new stake in GE Vernova during the first quarter valued at about $673,000. Boit C F David purchased a new stake in GE Vernova during the first quarter valued at about $149,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in shares of GE Vernova during the first quarter worth about $30,000.

Analyst Ratings Changes

A number of brokerages have commented on GEV. Mizuho boosted their price objective on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Daiwa Capital Markets began coverage on GE Vernova in a research note on Friday, June 21st. They issued an “outperform” rating and a $201.50 price target on the stock. JPMorgan Chase & Co. boosted their price target on GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. The Goldman Sachs Group boosted their price target on GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Daiwa America upgraded GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. 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’s stock. According to data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.42.

GE Vernova Price Performance

NYSE:GEV opened at $245.46 on Friday. The company’s 50 day moving average is $188.08. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $250.85.

GE Vernova (NYSE:GEV) last posted its 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 company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. Equities research analysts anticipate that GE Vernova Inc. will post 3.02 EPS for the current 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.