Apella Capital LLC Purchases Shares of 855 GE Vernova Inc. (NYSE:GEV)

Apella Capital LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 855 shares of the company’s stock, valued at approximately $216,000.

A number of other large investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova in the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of GE Vernova during the second quarter worth $25,000. Meeder Asset Management Inc. purchased a new position in GE Vernova in the second quarter valued at $25,000. Global Trust Asset Management LLC acquired a new stake in GE Vernova in the second quarter valued at $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in GE Vernova during the 2nd quarter worth about $27,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Argus assumed coverage on shares of GE Vernova in a research report on Thursday, June 13th. They set a “buy” rating and a $190.00 price objective for the company. Mizuho upped their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Royal Bank of Canada raised their price objective on GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. Barclays boosted their target price on GE Vernova from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Evercore ISI raised their price target on GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $234.98.

GE Vernova Stock Performance

Shares of NYSE GEV traded up $10.91 during midday trading on Friday, hitting $265.59. The company’s stock had a trading volume of 3,159,216 shares, compared to its average volume of 3,736,874. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $266.42. The business has a fifty day simple moving average of $205.35.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. Equities analysts forecast that GE Vernova Inc. will post 2.83 earnings per share for the current 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.