Wedbush Securities Inc. Buys Shares of 5,544 GE Vernova Inc. (NYSE:GEV)

Wedbush Securities Inc. purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,544 shares of the company’s stock, valued at approximately $951,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GEV. Aspire Private Capital LLC acquired a new position in GE Vernova during the second quarter worth $40,000. GAMMA Investing LLC bought a new position in shares of GE Vernova in the 2nd quarter valued at approximately $776,000. Sequoia Financial Advisors LLC bought a new position in shares of GE Vernova in the 2nd quarter valued at approximately $2,724,000. Parsons Capital Management Inc. RI acquired a new stake in GE Vernova in the 2nd quarter worth approximately $275,000. Finally, Armstrong Henry H Associates Inc. bought a new stake in GE Vernova during the second quarter worth approximately $523,000.

GE Vernova Price Performance

Shares of GEV stock opened at $209.15 on Thursday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $210.12. The business has a fifty day moving average price of $180.04.

GE Vernova (NYSE:GEV) last released 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 business had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. As a group, sell-side analysts predict that GE Vernova Inc. will post 3.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GEV has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating and issued a $220.00 price objective on shares of GE Vernova in a research note on Monday, August 26th. HSBC began coverage on shares of GE Vernova in a report on Monday, August 12th. They set a “buy” rating and a $215.00 price target for the company. Mizuho lifted their price objective on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Redburn Atlantic initiated coverage on GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 target price for the company. Finally, William Blair assumed coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $194.28.

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.