True North Advisors LLC Has $1.60 Million Stake in GE Vernova Inc. (NYSE:GEV)

True North Advisors LLC raised its stake in shares of GE Vernova Inc. (NYSE:GEV) by 162.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,287 shares of the company’s stock after purchasing an additional 3,896 shares during the quarter. True North Advisors LLC’s holdings in GE Vernova were worth $1,603,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in GEV. Anderson Hoagland & Co. bought a new stake in shares of GE Vernova during the first quarter valued at approximately $1,720,000. Maryland State Retirement & Pension System bought a new stake in GE Vernova in the 1st quarter valued at $2,892,000. Boit C F David bought a new stake in GE Vernova in the 1st quarter valued at $149,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of GE Vernova in the 1st quarter valued at $30,000. Finally, Nwam LLC acquired a new stake in shares of GE Vernova during the 1st quarter valued at about $1,531,000.

GE Vernova Stock Up 0.2 %

Shares of GE Vernova stock opened at $264.70 on Wednesday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $266.56. The business’s fifty day moving average is $209.19.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on GEV shares. The Goldman Sachs Group raised their price target on shares of GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. William Blair initiated coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating on the stock. Argus initiated coverage on GE Vernova in a research note on Thursday, June 13th. They set a “buy” rating and a $190.00 price objective for the company. Finally, Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average 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.