Buckley Wealth Management LLC Decreases Holdings in GE Vernova Inc. (NYSE:GEV)

Buckley Wealth Management LLC decreased its position in shares of GE Vernova Inc. (NYSE:GEV) by 12.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,277 shares of the company’s stock after selling 177 shares during the period. Buckley Wealth Management LLC’s holdings in GE Vernova were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC lifted its stake in GE Vernova by 0.9% in the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after purchasing an additional 40 shares during the last quarter. First Bancorp Inc ME raised its holdings in shares of GE Vernova by 3.1% in the third 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. Miracle Mile Advisors LLC lifted its stake in shares of 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. Merrion Investment Management Co LLC boosted its holdings in GE Vernova by 0.8% during the 3rd quarter. Merrion Investment Management Co LLC now owns 6,250 shares of the company’s stock valued at $1,594,000 after acquiring an additional 50 shares during the period. Finally, Parisi Gray Wealth Management grew its position in GE Vernova by 3.5% in the 3rd quarter. Parisi Gray Wealth Management now owns 1,492 shares of the company’s stock valued at $380,000 after acquiring an additional 51 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have recently weighed in on GEV shares. Morgan Stanley lifted their target price on GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Oppenheimer assumed coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating on the stock. The Goldman Sachs Group raised their target price on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Barclays boosted their price target on GE Vernova from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Bank of America upgraded GE Vernova from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $300.00 in a report on Tuesday, September 17th. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $246.73.

GE Vernova Stock Performance

Shares of GEV stock traded up $0.72 during trading hours on Friday, reaching $272.72. 2,353,706 shares of the company’s stock were exchanged, compared to its average volume of 3,613,540. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $281.37. The stock’s 50 day moving average is $224.93 and its 200-day moving average is $184.85.

GE Vernova (NYSE:GEV) last announced its 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 for the quarter, compared to analyst estimates of $8.42 billion. Analysts expect that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal 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.