Certified Advisory Corp Purchases New Position in GE Vernova Inc. (NYSE:GEV)

Certified Advisory Corp bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,357 shares of the company’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Newport Trust Company LLC bought a new position in GE Vernova in the second quarter valued at approximately $650,140,000. Bank of New York Mellon Corp acquired a new stake in shares of GE Vernova during the second quarter worth $537,674,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of GE Vernova during the first quarter worth $367,474,000. Assenagon Asset Management S.A. bought a new stake in GE Vernova in the 2nd quarter valued at $217,569,000. Finally, Dimensional Fund Advisors LP acquired a new position in GE Vernova in the 2nd quarter worth $176,775,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GEV shares. Argus began coverage on GE Vernova in a report on Thursday, June 13th. They issued a “buy” rating and a $190.00 price target on the stock. Royal Bank of Canada boosted their target price on GE Vernova from $192.00 to $246.00 and gave the company an “outperform” rating in a research note on Tuesday, September 17th. HSBC assumed coverage on shares of GE Vernova in a research note on Monday, August 12th. They set a “buy” rating and a $215.00 price target for the company. JPMorgan Chase & Co. increased their target price on shares of GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, Citigroup initiated coverage on shares of GE Vernova in a research note on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price target 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $219.42.

GE Vernova Price Performance

GE Vernova stock opened at $251.55 on Tuesday. The stock’s 50-day simple moving average is $189.57. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $254.87.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, sell-side analysts predict that GE Vernova Inc. will post 3.02 EPS for the current 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.