Signaturefd LLC Boosts Holdings in GE Vernova Inc. (NYSE:GEV)

Signaturefd LLC raised its position in GE Vernova Inc. (NYSE:GEV) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,840 shares of the company’s stock after buying an additional 222 shares during the quarter. Signaturefd LLC’s holdings in GE Vernova were worth $1,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Newport Trust Company LLC acquired a new stake in GE Vernova in the second quarter valued at about $650,140,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova during the 2nd quarter valued at $537,674,000. Price T Rowe Associates Inc. MD purchased a new stake in GE Vernova during the 1st quarter worth about $367,474,000. Marshall Wace LLP purchased a new stake in shares of GE Vernova during the second quarter worth about $399,770,000. Finally, Legal & General Group Plc purchased a new stake in GE Vernova in the 2nd quarter worth approximately $293,699,000.

GE Vernova Trading Up 1.2 %

NYSE:GEV opened at $279.83 on Thursday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $282.97. The business’s 50-day simple moving average is $230.78 and its 200-day simple moving average is $187.97.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS 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 the consensus estimate of $8.42 billion. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 3.21 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on GEV shares. Truist Financial assumed coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “buy” rating and a $300.00 price target for the company. HSBC reiterated a “hold” rating and set a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. William Blair assumed coverage on shares of GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating on the stock. Finally, Guggenheim initiated coverage on GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $251.83.

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.