Mackenzie Financial Corp Makes New $4 Million Investment in GE Vernova Inc. (NYSE:GEV)

Mackenzie Financial Corp acquired 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 institutional investor acquired 23,346 shares of the company’s stock, valued at approximately $4,004,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators bought a new stake in GE Vernova in the 2nd quarter worth $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of GE Vernova during the second quarter worth about $25,000. Meeder Asset Management Inc. bought a new stake in shares of GE Vernova in the second quarter worth about $25,000. Global Trust Asset Management LLC purchased a new position in GE Vernova during the 2nd quarter valued at about $26,000. Finally, Gradient Investments LLC bought a new position in GE Vernova during the 2nd quarter valued at approximately $27,000.

GE Vernova Stock Performance

GE Vernova stock opened at $256.53 on Wednesday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $258.64. The firm’s fifty day simple moving average is $199.81.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. As a group, equities analysts anticipate that GE Vernova Inc. will post 2.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GEV. Truist Financial started coverage on GE Vernova in a report on Thursday, September 26th. They set a “buy” rating and a $300.00 target price for the company. Oppenheimer assumed coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating for the company. Argus started coverage on shares of GE Vernova in a research report on Thursday, June 13th. They set a “buy” rating and a $190.00 price target on the stock. Daiwa Capital Markets began coverage on shares of GE Vernova in a research note on Friday, June 21st. They issued an “outperform” rating and a $201.50 price target for the company. Finally, Hsbc Global Res raised GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $227.48.

About GE Vernova

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.