Resources Management Corp CT ADV Invests $105,000 in GE Vernova Inc. (NYSE:GEV)

Resources Management Corp CT ADV acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 611 shares of the company’s stock, valued at approximately $105,000.

Several other large investors also recently modified their holdings of GEV. Aspire Private Capital LLC bought a new position in GE Vernova in the 2nd quarter worth $40,000. GAMMA Investing LLC bought a new position in shares of GE Vernova in the 2nd quarter worth approximately $776,000. Sequoia Financial Advisors LLC purchased a new position in shares of GE Vernova in the 2nd quarter valued at approximately $2,724,000. Parsons Capital Management Inc. RI bought a new stake in shares of GE Vernova during the second quarter valued at approximately $275,000. Finally, Armstrong Henry H Associates Inc. purchased a new stake in GE Vernova in the second quarter worth $523,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of several recent research reports. Evercore ISI raised their price objective on GE Vernova from $202.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Barclays assumed coverage on shares of GE Vernova in a research note on Monday, September 16th. They issued an “overweight” rating and a $250.00 price target on the stock. Jefferies Financial Group raised their price target on shares of GE Vernova from $261.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, Guggenheim assumed coverage on shares of GE Vernova in a research report on Tuesday. They set a “buy” rating and a $300.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.66.

GE Vernova Stock Up 1.6 %

Shares of NYSE:GEV opened at $255.48 on Wednesday. The company’s 50 day simple moving average is $191.02. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $257.50.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. Analysts anticipate that GE Vernova Inc. will post 3.02 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.