19,760 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by MBB Public Markets I LLC

MBB Public Markets I LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,760 shares of the company’s stock, valued at approximately $3,389,000.

A number of other hedge funds also recently bought and sold shares of GEV. Anderson Hoagland & Co. purchased a new stake in shares of GE Vernova in the first quarter valued at approximately $1,720,000. Maryland State Retirement & Pension System purchased a new stake in GE Vernova in the 1st quarter valued at $2,892,000. Boit C F David purchased a new stake in GE Vernova in the 1st quarter valued at $149,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova in the 1st quarter worth $30,000. Finally, Nwam LLC purchased a new position in shares of GE Vernova during the 1st quarter worth $1,531,000.

GE Vernova Stock Down 0.5 %

Shares of GEV stock opened at $249.84 on Friday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $258.64. The company has a 50 day simple moving average of $196.33.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, research analysts predict that GE Vernova Inc. will post 2.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GEV. Guggenheim started coverage on shares of GE Vernova in a report on Tuesday. They issued a “buy” rating and a $300.00 price objective for the company. HSBC assumed coverage on shares of GE Vernova in a research note on Monday, August 12th. They issued a “buy” rating and a $215.00 price target for the company. BMO Capital Markets started coverage on shares of GE Vernova in a research report on Friday, September 13th. They set an “outperform” rating and a $245.00 price target on the stock. Citigroup started coverage on GE Vernova in a report on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price objective on the stock. Finally, Daiwa America raised GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $227.48.

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.