SS&H Financial Advisors Inc. Invests $641,000 in GE Vernova Inc. (NYSE:GEV)

SS&H Financial Advisors Inc. purchased a new position in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,742 shares of the company’s stock, valued at approximately $641,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEV. Newport Trust Company LLC acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $650,140,000. Bank of New York Mellon Corp bought a new position in GE Vernova during the second quarter worth $537,674,000. Price T Rowe Associates Inc. MD acquired a new position in GE Vernova in the first quarter worth $367,474,000. Marshall Wace LLP bought a new stake in GE Vernova during the second quarter valued at $399,770,000. Finally, Legal & General Group Plc acquired a new stake in shares of GE Vernova during the second quarter worth $293,699,000.

GE Vernova Price Performance

Shares of NYSE GEV opened at $256.53 on Wednesday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $258.64. The firm’s fifty day moving average price is $199.81.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GEV. HSBC started coverage on shares of GE Vernova in a report on Monday, August 12th. They issued a “buy” rating and a $215.00 price target for the company. William Blair started coverage on GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Mizuho increased their price target on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Barclays started 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. Finally, Hsbc Global Res upgraded GE Vernova to a “strong-buy” rating in a research note on Monday, August 12th. Four research 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 stock. According to MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $227.48.

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.