Moller Wealth Partners Acquires Shares of 908 GE Vernova Inc. (NYSE:GEV)

Moller Wealth Partners acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the third quarter, Holdings Channel reports. The institutional investor acquired 908 shares of the company’s stock, valued at approximately $232,000.

Several other hedge funds have also recently added to or reduced their stakes in GEV. Anderson Hoagland & Co. bought a new position in shares of GE Vernova during the first quarter worth $1,720,000. Maryland State Retirement & Pension System acquired a new position in GE Vernova in the first quarter valued at about $2,892,000. Boit C F David bought a new stake in shares of GE Vernova in the first quarter worth about $149,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova during the first quarter worth about $30,000. Finally, Nwam LLC bought a new position in shares of GE Vernova during the 1st quarter valued at about $1,531,000.

Analysts Set New Price Targets

Several analysts have commented on the stock. William Blair started coverage on shares of GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating on the stock. Argus started coverage on shares of GE Vernova in a report on Thursday, June 13th. They set a “buy” rating and a $190.00 price objective on the stock. Guggenheim initiated coverage on GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price for the company. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and lifted their price target for the company from $200.00 to $300.00 in a research note on Tuesday, September 17th. Finally, Oppenheimer started coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating for the company. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.63.

GE Vernova Stock Down 0.4 %

Shares of GEV traded down $0.94 during mid-day trading on Thursday, reaching $265.66. The company’s stock had a trading volume of 834,482 shares, compared to its average volume of 3,673,476. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $269.30. The business’s 50-day moving average price is $210.95.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. As a group, analysts expect that GE Vernova Inc. will post 2.83 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.