11,817 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Ieq Capital LLC

Ieq Capital 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 & Exchange Commission. The fund bought 11,817 shares of the company’s stock, valued at approximately $2,027,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GEV. Anderson Hoagland & Co. purchased a new position in GE Vernova during the first quarter valued at $1,720,000. Maryland State Retirement & Pension System purchased a new stake in GE Vernova in the 1st quarter valued at about $2,892,000. Valeo Financial Advisors LLC acquired a new position in GE Vernova during the first quarter worth $673,000. Boit C F David acquired a new position in shares of GE Vernova in the first quarter valued at approximately $149,000. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in GE Vernova during the 1st quarter worth about $30,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GEV. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $300.00 in a report on Tuesday, September 17th. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Evercore ISI raised their price objective on shares of GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. The Goldman Sachs Group increased their price target on GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group increased their target price on GE Vernova from $261.00 to $293.00 and gave the stock a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $219.42.

GE Vernova Trading Up 0.4 %

GEV stock opened at $245.46 on Friday. The firm’s 50 day moving average price is $188.08. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $250.85.

GE Vernova (NYSE:GEV) last posted 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 analyst estimates of $8.42 billion. Sell-side analysts expect that GE Vernova Inc. will post 3.02 earnings per share for the current year.

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.