Cyndeo Wealth Partners LLC Invests $213,000 in GE Vernova Inc. (NYSE:GEV)

Cyndeo Wealth Partners LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 835 shares of the company’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its holdings in shares of GE Vernova by 0.9% in the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock valued at $1,149,000 after purchasing an additional 40 shares during the period. First Bancorp Inc ME grew its position in GE Vernova by 3.1% in the 3rd quarter. First Bancorp Inc ME now owns 1,450 shares of the company’s stock valued at $370,000 after buying an additional 44 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in GE Vernova by 1.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,768 shares of the company’s stock valued at $706,000 after buying an additional 48 shares during the period. Merrion Investment Management Co LLC raised its position in GE Vernova by 0.8% during the 3rd quarter. Merrion Investment Management Co LLC now owns 6,250 shares of the company’s stock worth $1,594,000 after buying an additional 50 shares during the last quarter. Finally, Parisi Gray Wealth Management lifted its stake in shares of GE Vernova by 3.5% in the 3rd quarter. Parisi Gray Wealth Management now owns 1,492 shares of the company’s stock worth $380,000 after acquiring an additional 51 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GEV. Evercore ISI boosted their price target on shares of GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. William Blair began coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a report on Monday. They issued a “buy” rating and a $354.00 price target for the company. JPMorgan Chase & Co. increased their price objective on GE Vernova from $240.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, HSBC restated a “hold” rating and set a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $251.83.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $276.41 on Tuesday. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $281.37. The stock’s fifty day simple moving average is $226.93 and its 200-day simple moving average is $186.25.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. On average, equities research analysts anticipate that GE Vernova Inc. will post 3.21 EPS for the current fiscal 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.