NCP Inc. Takes $108,000 Position in GE Vernova Inc. (NYSE:GEV)

NCP Inc. purchased a new position in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 629 shares of the company’s stock, valued at approximately $108,000.

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

GE Vernova Price Performance

GEV opened at $256.53 on Wednesday. The business has a 50 day moving average price of $199.81. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $258.64.

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. On average, analysts predict that GE Vernova Inc. will post 2.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. HSBC started coverage on shares of GE Vernova in a research report on Monday, August 12th. They set a “buy” rating and a $215.00 price objective for the company. Barclays assumed coverage on GE Vernova in a report on Monday, September 16th. They issued an “overweight” rating and a $250.00 price target on the stock. Oppenheimer assumed coverage on GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating for the company. Truist Financial started coverage on GE Vernova in a research report on Thursday, September 26th. They issued a “buy” rating and a $300.00 target price on the stock. Finally, Morgan Stanley boosted their price target on shares of GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price 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.