5,448 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Parthenon LLC

Parthenon LLC purchased a new position in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,448 shares of the company’s stock, valued at approximately $934,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators purchased a new position in GE Vernova in the second quarter worth about $25,000. Trifecta Capital Advisors LLC bought a new position in shares of GE Vernova during the second quarter valued at approximately $25,000. Global Trust Asset Management LLC bought a new position in shares of GE Vernova during the second quarter valued at approximately $26,000. Timber Creek Capital Management LLC bought a new position in shares of GE Vernova during the second quarter valued at approximately $27,000. Finally, Gradient Investments LLC bought a new position in shares of GE Vernova during the second quarter valued at approximately $27,000.

GE Vernova Stock Up 2.9 %

Shares of GEV opened at $215.31 on Friday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $217.09. The firm’s fifty day simple moving average is $180.89.

GE Vernova (NYSE:GEV) last issued 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 for the quarter, compared to analysts’ expectations of $8.42 billion. Analysts forecast that GE Vernova Inc. will post 3.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GEV. Daiwa Capital Markets began coverage on GE Vernova in a research note on Friday, June 21st. They set an “outperform” rating and a $201.50 target price on the stock. Citigroup began coverage on GE Vernova in a research note on Tuesday, June 11th. They set a “neutral” rating and a $183.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $180.00 target price on shares of GE Vernova in a research note on Monday, July 22nd. William Blair began coverage on GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating on the stock. Finally, Mizuho upped their target price on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.66.

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.