Newbridge Financial Services Group Inc. Takes Position in GE Vernova Inc. (NYSE:GEV)

Newbridge Financial Services Group Inc. bought a new position 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 & Exchange Commission. The firm bought 446 shares of the company’s stock, valued at approximately $76,000.

A number of other hedge funds have also bought and sold shares of GEV. SS&H Financial Advisors Inc. bought a new stake in GE Vernova in the second quarter worth approximately $641,000. Prio Wealth Limited Partnership bought a new stake in shares of GE Vernova in the 2nd quarter valued at $1,223,000. Sanctuary Advisors LLC acquired a new position in shares of GE Vernova during the 2nd quarter valued at $3,025,000. NCP Inc. bought a new position in GE Vernova during the second quarter worth $108,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in GE Vernova in the second quarter worth $34,000.

GE Vernova Price Performance

GEV opened at $254.64 on Friday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $258.64. The firm’s 50-day moving average is $203.50.

GE Vernova (NYSE:GEV) last issued 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 firm had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. Analysts predict that GE Vernova Inc. will post 2.83 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on GEV shares. Evercore ISI boosted their target price on GE Vernova from $285.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday. Mizuho boosted their price objective on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Royal Bank of Canada increased their target price on GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. Argus began coverage on shares of GE Vernova in a research report on Thursday, June 13th. They issued a “buy” rating and a $190.00 price target for the company. Finally, Barclays upped their price objective on shares of GE Vernova from $250.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.98.

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.