Addison Advisors LLC Invests $92,000 in GE Vernova Inc. (NYSE:GEV)

Addison Advisors LLC bought a new position in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 536 shares of the company’s stock, valued at approximately $92,000.

Several other hedge funds also recently made changes to their positions in GEV. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $25,000. Global Trust Asset Management LLC acquired a new position in GE Vernova during the 2nd quarter valued at approximately $26,000. Timber Creek Capital Management LLC acquired a new position in GE Vernova during the 2nd quarter valued at approximately $27,000. Gradient Investments LLC acquired a new position in GE Vernova during the 2nd quarter valued at approximately $27,000. Finally, Game Plan Financial Advisors LLC acquired a new position in GE Vernova during the 2nd quarter valued at approximately $28,000.

GE Vernova Stock Performance

GEV opened at $198.47 on Friday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $204.19. The stock has a fifty day moving average price of $177.98.

GE Vernova (NYSE:GEV) last posted 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 firm had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. On average, research analysts forecast that GE Vernova Inc. will post 3.1 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on GEV. Morgan Stanley restated an “overweight” rating and set a $220.00 price objective on shares of GE Vernova in a research report on Monday, August 26th. Daiwa Capital Markets began coverage on GE Vernova in a research report on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective for the company. Evercore ISI boosted their price objective on GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. The Goldman Sachs Group boosted their price objective on GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Mizuho boosted their price objective on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.28.

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.