Ashton Thomas Private Wealth LLC Takes $157,000 Position in GE Vernova Inc. (NYSE:GEV)

Ashton Thomas Private Wealth LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 917 shares of the company’s stock, valued at approximately $157,000.

A number of other hedge funds have also modified their holdings of GEV. First Foundation Advisors acquired a new position in GE Vernova during the 2nd quarter worth approximately $132,000. Trium Capital LLP bought a new stake in shares of GE Vernova in the second quarter worth $340,000. LSV Asset Management bought a new stake in shares of GE Vernova in the second quarter worth $172,000. Varma Mutual Pension Insurance Co acquired a new position in GE Vernova during the second quarter worth $10,641,000. Finally, Triasima Portfolio Management inc. bought a new position in GE Vernova in the second quarter valued at $1,418,000.

GE Vernova Trading Up 2.9 %

GE Vernova stock opened at $215.31 on Friday. The firm has a 50-day moving average of $180.89. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $217.09.

GE Vernova (NYSE:GEV) last announced its 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 firm had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. As a group, equities analysts forecast that GE Vernova Inc. will post 3.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GEV shares. HSBC began coverage on shares of GE Vernova in a research report on Monday, August 12th. They set a “buy” rating and a $215.00 price target on the stock. Citigroup initiated coverage on GE Vernova in a research report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price target for the company. JPMorgan Chase & Co. raised their price target on GE Vernova from $195.00 to $216.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Evercore ISI upped their price objective on GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Daiwa Capital Markets began coverage on shares of GE Vernova in a research note on Friday, June 21st. They issued an “outperform” rating and a $201.50 target price for the company. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $196.66.

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.