Daiwa Securities Group Inc. Invests $8.98 Million in GE Vernova Inc. (NYSE:GEV)

Daiwa Securities Group Inc. acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 52,331 shares of the company’s stock, valued at approximately $8,976,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Aspire Private Capital LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at about $40,000. GAMMA Investing LLC bought a new position in shares of GE Vernova during the second quarter worth about $776,000. Sequoia Financial Advisors LLC acquired a new stake in GE Vernova in the 2nd quarter valued at approximately $2,724,000. Parsons Capital Management Inc. RI bought a new stake in GE Vernova in the 2nd quarter valued at approximately $275,000. Finally, Armstrong Henry H Associates Inc. acquired a new position in GE Vernova during the 2nd quarter worth approximately $523,000.

GE Vernova Stock Performance

Shares of GEV opened at $202.01 on Wednesday. The stock’s 50-day moving average is $179.31. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $204.19.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. On average, equities research analysts forecast that GE Vernova Inc. will post 3.02 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Mizuho increased their target price on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. JPMorgan Chase & Co. increased their price objective on shares of GE Vernova from $195.00 to $216.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. The Goldman Sachs Group lifted their target price on GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, July 26th. HSBC initiated coverage on GE Vernova in a research report on Monday, August 12th. They set a “buy” rating and a $215.00 price target for the company. Finally, Daiwa America raised GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.28.

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.