3,356 Shares in GE Vernova Inc. (NYSE:GEV) Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,356 shares of the company’s stock, valued at approximately $576,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of GE Vernova by 1.7% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock valued at $650,000 after purchasing an additional 61 shares during the last quarter. Wedmont Private Capital grew its holdings in GE Vernova by 3.2% during the 2nd quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock worth $638,000 after acquiring an additional 109 shares during the period. Deseret Mutual Benefit Administrators acquired a new stake in GE Vernova during the 2nd quarter worth about $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of GE Vernova in the 2nd quarter valued at about $25,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of GE Vernova in the 2nd quarter valued at about $25,000.

GE Vernova Price Performance

NYSE GEV opened at $238.57 on Wednesday. The business has a fifty day moving average price of $184.31. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $240.00.

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, 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. Analysts forecast that GE Vernova Inc. will post 3.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Bank of America upgraded GE Vernova from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $200.00 to $300.00 in a report on Tuesday. The Goldman Sachs Group boosted their target price on shares of GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $216.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, Evercore ISI increased their price objective on shares of GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $217.64.

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.