1,871 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,871 shares of the company’s stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in GE Vernova by 1.7% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock worth $650,000 after purchasing an additional 61 shares in the last quarter. Wedmont Private Capital raised its stake in GE Vernova by 3.2% in the 2nd quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock worth $638,000 after purchasing an additional 109 shares in the last quarter. Deseret Mutual Benefit Administrators acquired a new stake in GE Vernova in the 2nd quarter worth about $25,000. Trifecta Capital Advisors LLC acquired a new stake in GE Vernova in the 2nd quarter worth about $25,000. Finally, Meeder Asset Management Inc. acquired a new stake in GE Vernova in the 2nd quarter worth about $25,000.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $249.86 on Friday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $258.64. The firm’s 50 day moving average is $196.33.

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 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. Equities research analysts forecast that GE Vernova Inc. will post 2.83 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on GEV shares. Citigroup started coverage on shares of GE Vernova in a research note on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price objective for the company. Hsbc Global Res upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Monday, August 12th. Mizuho lifted their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Bank of America upgraded shares of GE Vernova from a “neutral” rating to a “buy” rating and boosted their target price for the company from $200.00 to $300.00 in a research report on Tuesday, September 17th. Finally, Oppenheimer assumed coverage on shares of GE Vernova in a research report on Thursday. They issued a “market perform” rating for the company. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $227.48.

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.