1,455 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,455 shares of the company’s stock, valued at approximately $250,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in shares of GE Vernova during the second quarter worth about $537,674,000. Price T Rowe Associates Inc. MD acquired a new position in GE Vernova during the 1st quarter valued at about $367,474,000. Assenagon Asset Management S.A. bought a new stake in GE Vernova during the 2nd quarter worth approximately $217,569,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of GE Vernova in the second quarter worth approximately $104,273,000. Finally, Steadfast Capital Management LP bought a new position in shares of GE Vernova in the first quarter valued at approximately $80,235,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Redburn Atlantic began coverage on GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price target for the company. Citigroup started coverage on shares of GE Vernova in a research note on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 target price for the company. Hsbc Global Res raised shares of GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Finally, Daiwa Capital Markets began coverage on shares of GE Vernova in a research report on Friday, June 21st. They set an “outperform” rating and a $201.50 target price on the stock. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned 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 $189.83.

GE Vernova Price Performance

Shares of NYSE GEV opened at $201.00 on Friday. The firm’s fifty day moving average price is $175.93. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $201.37.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate 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. Analysts anticipate that GE Vernova Inc. will post 3.1 earnings per share for the current year.

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.