34,560 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,560 shares of the company’s stock, valued at approximately $5,927,000.

A number of other hedge funds have also recently modified their holdings of GEV. Newport Trust Company LLC purchased a new position in GE Vernova during the 2nd quarter valued at $650,140,000. Bank of New York Mellon Corp bought a new stake in shares of GE Vernova during the second quarter worth $537,674,000. Price T Rowe Associates Inc. MD bought a new position in shares of GE Vernova in the first quarter worth about $367,474,000. Marshall Wace LLP bought a new position in shares of GE Vernova in the second quarter worth about $399,770,000. Finally, Lone Pine Capital LLC purchased a new position in GE Vernova in the 2nd quarter worth about $253,322,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. HSBC started coverage on GE Vernova in a research note on Monday, August 12th. They issued a “buy” rating and a $215.00 price objective on the stock. Jefferies Financial Group upped their target price on GE Vernova from $261.00 to $293.00 and gave the stock a “buy” rating in a report on Friday, September 20th. BMO Capital Markets assumed coverage on GE Vernova in a research note on Friday, September 13th. They set an “outperform” rating and a $245.00 price target on the stock. Finally, Oppenheimer began coverage on GE Vernova in a report on Thursday. They issued a “market perform” rating for the company. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $227.48.

GE Vernova Price Performance

NYSE:GEV opened at $249.86 on Monday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $258.64. The business’s fifty day moving average is $196.33.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $8.42 billion. On average, equities analysts predict that GE Vernova Inc. will post 2.83 EPS 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.