Vanguard Personalized Indexing Management LLC Acquires New Stake in GE Vernova Inc. (NYSE:GEV)

Vanguard Personalized Indexing Management LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,107 shares of the company’s stock, valued at approximately $3,358,000.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of GE Vernova during the second quarter worth about $537,674,000. Price T Rowe Associates Inc. MD purchased a new stake in GE Vernova during the 1st quarter worth approximately $367,474,000. Assenagon Asset Management S.A. acquired a new stake in GE Vernova during the 2nd quarter worth approximately $217,569,000. Dimensional Fund Advisors LP purchased a new position in GE Vernova in the 2nd quarter valued at approximately $176,775,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in GE Vernova in the 2nd quarter valued at approximately $119,390,000.

Analysts Set New Price Targets

GEV has been the topic of several analyst reports. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. William Blair began coverage on GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Jefferies Financial Group initiated coverage on shares of GE Vernova in a report on Wednesday, September 4th. They issued a “buy” rating and a $261.00 target price on the stock. Argus began coverage on shares of GE Vernova in a report on Thursday, June 13th. They set a “buy” rating and a $190.00 price target for the company. Finally, Hsbc Global Res upgraded shares of GE Vernova to a “strong-buy” rating in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $217.64.

GE Vernova Price Performance

Shares of NYSE GEV opened at $244.45 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $245.00. The company has a 50 day moving average price of $186.78.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 3.02 earnings per share for the current year.

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.