GE Vernova Inc. (NYSE:GEV) Stock Holdings Increased by Private Advisor Group LLC

Private Advisor Group LLC lifted its stake in GE Vernova Inc. (NYSE:GEV) by 8.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,098 shares of the company’s stock after purchasing an additional 1,531 shares during the quarter. Private Advisor Group LLC’s holdings in GE Vernova were worth $5,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators bought a new position in GE Vernova during the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova during the second quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new position in GE Vernova during the second quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in GE Vernova during the second quarter valued at approximately $27,000.

Analyst Ratings Changes

Several brokerages have commented on GEV. Barclays increased their price target on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank of Canada increased their price target on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday. Evercore ISI increased their price target on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 price target on the stock. Finally, Mizuho raised 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. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Trading Down 1.2 %

GEV opened at $293.54 on Friday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $298.81. The firm’s fifty day moving average price is $235.14 and its two-hundred day moving average price is $189.87.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data 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 company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. On average, sell-side analysts anticipate that GE Vernova Inc. will post 2.65 EPS for the current fiscal year.

GE Vernova Company 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.