Strategic Investment Solutions Inc. IL Invests $34,000 in GE Vernova Inc. (NYSE:GEV)

Strategic Investment Solutions Inc. IL bought a new stake in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 193 shares of the company’s stock, valued at approximately $34,000.

A number of other institutional investors have also made changes to their positions in GEV. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position 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 valued at $650,000 after acquiring an additional 61 shares in the last quarter. Wedmont Private Capital grew its stake in shares of GE Vernova by 3.2% during the second quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock valued at $638,000 after purchasing an additional 109 shares during the last quarter. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova in the 2nd quarter worth approximately $25,000. Finally, Meeder Asset Management Inc. acquired a new position in GE Vernova during the 2nd quarter worth $25,000.

GE Vernova Price Performance

Shares of NYSE GEV opened at $252.43 on Thursday. The business has a fifty day moving average of $201.61. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $258.64.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) 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. Sell-side analysts expect that GE Vernova Inc. will post 2.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GEV shares. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and lifted their target price for the company from $200.00 to $300.00 in a research note on Tuesday, September 17th. William Blair assumed coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Morgan Stanley upped their target price on shares of GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Redburn Atlantic initiated coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 target price on the stock. Finally, Argus began coverage on shares of GE Vernova in a research note on Thursday, June 13th. They set a “buy” rating and a $190.00 price target for the company. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $229.98.

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.