1,271 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Meridian Management Co.

Meridian Management Co. acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,271 shares of the company’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Allen Investment Management LLC acquired a new position in shares of GE Vernova during the second quarter valued at $6,453,000. Wealthspire Advisors LLC bought a new stake in GE Vernova during the 2nd quarter worth about $747,000. Thoroughbred Financial Services LLC acquired a new position in GE Vernova during the 2nd quarter valued at about $251,000. Parallel Advisors LLC bought a new position in shares of GE Vernova in the 2nd quarter valued at about $670,000. Finally, Dai ichi Life Insurance Company Ltd acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $3,196,000.

Analyst Ratings Changes

A number of equities analysts have issued reports on GEV shares. Argus initiated coverage on shares of GE Vernova in a research note on Thursday, June 13th. They issued a “buy” rating and a $190.00 price objective on the stock. Hsbc Global Res upgraded GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. Royal Bank of Canada restated an “outperform” rating and set a $180.00 target price on shares of GE Vernova in a report on Monday, July 22nd. Finally, Citigroup started coverage on GE Vernova in a research note on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price target for the company. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.03.

GE Vernova Price Performance

Shares of NYSE GEV opened at $226.01 on Friday. The business has a fifty day moving average of $181.89. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $228.68.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. Sell-side analysts expect that GE Vernova Inc. will post 3.02 earnings per share for the current year.

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.