Aaron Wealth Advisors LLC Acquires New Stake in GE Vernova Inc. (NYSE:GEV)

Aaron Wealth Advisors LLC bought a new position in GE Vernova Inc. (NYSE:GEV) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,502 shares of the company’s stock, valued at approximately $383,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Deseret Mutual Benefit Administrators purchased a new stake in GE Vernova in the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC bought a new stake in shares of GE Vernova during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new position in GE Vernova in the second quarter worth approximately $25,000. Global Trust Asset Management LLC purchased a new position in GE Vernova during the 2nd quarter worth $26,000. Finally, Gradient Investments LLC bought a new stake in GE Vernova during the 2nd quarter valued at $27,000.

GE Vernova Stock Performance

GE Vernova stock opened at $272.92 on Friday. The stock’s 50 day simple moving average is $224.93 and its two-hundred day simple moving average is $184.85. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $281.37.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. As a group, equities research analysts expect that GE Vernova Inc. will post 3.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GEV. Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. HSBC reissued a “hold” rating and issued a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. William Blair initiated coverage on GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Evercore ISI upped their price objective on GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets lifted their target price on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $246.73.

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.