International Assets Investment Management LLC Buys 1,431,729 Shares of GE Vernova Inc. (NYSE:GEV)

International Assets Investment Management LLC grew its position in GE Vernova Inc. (NYSE:GEV) by 35,238.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,435,792 shares of the company’s stock after acquiring an additional 1,431,729 shares during the period. International Assets Investment Management LLC owned 0.52% of GE Vernova worth $366,098,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of GEV. Global Retirement Partners LLC boosted its stake in shares of GE Vernova by 0.9% during the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock valued at $1,149,000 after purchasing an additional 40 shares in the last quarter. Whittier Trust Co. raised its holdings in GE Vernova by 1.9% in the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock valued at $537,000 after buying an additional 40 shares during the last quarter. First Bancorp Inc ME boosted its position in GE Vernova by 3.1% during the 3rd quarter. First Bancorp Inc ME now owns 1,450 shares of the company’s stock worth $370,000 after buying an additional 44 shares during the period. Plimoth Trust Co. LLC boosted its position in GE Vernova by 1.4% during the 3rd quarter. Plimoth Trust Co. LLC now owns 3,279 shares of the company’s stock worth $836,000 after buying an additional 44 shares during the period. Finally, Miracle Mile Advisors LLC grew its holdings in GE Vernova by 1.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,768 shares of the company’s stock worth $706,000 after acquiring an additional 48 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on GEV. Redburn Atlantic began coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price target on the stock. William Blair initiated coverage on GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating on the stock. Mizuho increased their price target on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Barclays increased their target price on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Trading Up 6.1 %

Shares of NYSE:GEV opened at $297.00 on Friday. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $297.54. The business’s 50 day simple moving average is $230.78 and its two-hundred day simple moving average is $187.97.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating 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. On average, research analysts expect that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal year.

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.