Knuff & Co LLC Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Knuff & Co LLC acquired a new position in GE Vernova Inc. (NYSE:GEV) during the second quarter, HoldingsChannel reports. The institutional investor acquired 2,058 shares of the company’s stock, valued at approximately $353,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GEV. Global Trust Asset Management LLC purchased a new stake in GE Vernova in the second quarter worth approximately $26,000. Timber Creek Capital Management LLC purchased a new position in GE Vernova during the second quarter valued at $27,000. Gradient Investments LLC purchased a new position in GE Vernova during the second quarter valued at $27,000. Game Plan Financial Advisors LLC purchased a new position in GE Vernova during the second quarter valued at $28,000. Finally, First Community Trust NA purchased a new position in GE Vernova during the second quarter valued at $29,000.

GE Vernova Price Performance

Shares of GEV traded up $9.64 during trading on Monday, reaching $201.00. 3,347,700 shares of the company traded hands, compared to its average volume of 3,861,761. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $201.37. The business’s 50-day moving average is $175.93.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 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 analysts’ expectations of $8.42 billion. As a group, sell-side analysts expect that GE Vernova Inc. will post 3.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GEV shares. Redburn Atlantic began coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price objective for the company. Citigroup initiated coverage on shares of GE Vernova in a report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price objective for the company. Evercore ISI lifted their price objective on shares of GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. HSBC assumed coverage on shares of GE Vernova in a report on Monday, August 12th. They issued a “buy” rating and a $215.00 price target for the company. Finally, Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $189.83.

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.