AE Wealth Management LLC Invests $1.64 Million in GE Vernova Inc. (NYSE:GEV)

AE Wealth Management LLC purchased a new stake in 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 institutional investor purchased 9,544 shares of the company’s stock, valued at approximately $1,637,000.

A number of other hedge funds have also recently bought and sold shares of GEV. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova during the 2nd quarter worth $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova in the second quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in GE Vernova during the second quarter valued at approximately $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova during the 2nd quarter worth approximately $26,000. Finally, Gradient Investments LLC acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $27,000.

GE Vernova Trading Up 2.5 %

Shares of NYSE:GEV opened at $251.55 on Tuesday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $254.87. The business’s 50 day moving average price is $189.57.

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

Wall Street Analyst Weigh In

GEV has been the topic of several research analyst reports. Redburn Atlantic began coverage on GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective on the stock. Evercore ISI raised their price target on shares of GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. 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. Barclays assumed coverage on shares of GE Vernova in a research note on Monday, September 16th. They set an “overweight” rating and a $250.00 price objective on the stock. Finally, Mizuho lifted their target price on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $219.42.

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.