47,259 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Creative Planning

Creative Planning acquired a new position in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 47,259 shares of the company’s stock, valued at approximately $8,105,000.

A number of other large investors also recently bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in GE Vernova by 1.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock worth $650,000 after buying an additional 61 shares in the last quarter. Wedmont Private Capital raised its stake in GE Vernova by 3.2% in the second quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock worth $638,000 after buying an additional 109 shares in the last quarter. Deseret Mutual Benefit Administrators purchased a new position in GE Vernova in the second quarter worth $25,000. Trifecta Capital Advisors LLC purchased a new position in GE Vernova in the second quarter worth $25,000. Finally, Meeder Asset Management Inc. purchased a new position in GE Vernova in the second quarter worth $25,000.

GE Vernova Stock Performance

NYSE:GEV opened at $252.43 on Thursday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $258.64. The firm has a fifty day simple moving average of $201.61.

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 analysts’ expectations of $8.42 billion. Sell-side analysts anticipate that GE Vernova Inc. will post 2.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. HSBC assumed coverage on shares of GE Vernova in a report on Monday, August 12th. They issued a “buy” rating and a $215.00 price target on the stock. Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday. Redburn Atlantic assumed coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price target on the stock. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. Finally, Oppenheimer began coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating on the stock. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $229.98.

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.