1,106 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Cullen Investment Group LTD.

Cullen Investment Group LTD. purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,106 shares of the company’s stock, valued at approximately $282,000.

Several other hedge funds also recently added to or reduced their stakes in GEV. Aspire Private Capital LLC purchased a new stake in shares of GE Vernova during the 2nd quarter valued at about $40,000. Legal & General Group Plc acquired a new position in shares of GE Vernova during the second quarter worth $293,699,000. Central Pacific Bank Trust Division boosted its stake in shares of GE Vernova by 1,242.9% in the third quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock valued at $599,000 after purchasing an additional 2,175 shares during the period. GAMMA Investing LLC purchased a new stake in shares of GE Vernova during the second quarter worth about $776,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of GE Vernova in the second quarter worth about $2,724,000.

GE Vernova Trading Up 4.3 %

Shares of NYSE GEV traded up $10.91 during midday trading on Friday, hitting $265.59. 3,159,216 shares of the company’s stock were exchanged, compared to its average volume of 3,736,874. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $266.42. The business’s 50 day moving average is $205.35.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. Sell-side analysts forecast that GE Vernova Inc. will post 2.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. Morgan Stanley lifted their price target on shares of GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday. Bank of America raised shares of GE Vernova from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $300.00 in a report on Tuesday, September 17th. Finally, Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $234.98.

GE Vernova 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.