960 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd bought a new position in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 960 shares of the company’s stock, valued at approximately $165,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in GE Vernova by 1.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock worth $650,000 after buying an additional 61 shares in the last quarter. Wedmont Private Capital boosted its position in shares of GE Vernova by 3.2% during the 2nd quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock valued at $638,000 after acquiring an additional 109 shares during the last quarter. Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova in the second quarter valued at about $25,000. Trifecta Capital Advisors LLC acquired a new stake in GE Vernova during the second quarter worth about $25,000. Finally, Meeder Asset Management Inc. purchased a new position in GE Vernova during the second quarter worth about $25,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GEV. Jefferies Financial Group began coverage on shares of GE Vernova in a report on Wednesday, September 4th. They set a “buy” rating and a $261.00 price target for the company. Morgan Stanley lifted their target price on GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research report on Friday. Argus began coverage on GE Vernova in a report on Thursday, June 13th. They set a “buy” rating and a $190.00 price target for the company. Evercore ISI boosted their price objective on shares of GE Vernova from $202.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Finally, Hsbc Global Res raised shares of GE Vernova to a “strong-buy” rating in a research note on Monday, August 12th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.64.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $229.93 on Tuesday. The stock’s 50-day moving average is $183.00. GE Vernova Inc. has a one year low of $115.00 and a one year high of $231.51.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. On average, sell-side analysts predict that GE Vernova Inc. will post 3.02 earnings per share 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.