Cromwell Holdings LLC Raises Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Cromwell Holdings LLC raised its position in shares of GE Vernova Inc. (NYSE:GEV) by 7.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 814 shares of the company’s stock after purchasing an additional 53 shares during the quarter. Cromwell Holdings LLC’s holdings in GE Vernova were worth $208,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators purchased a new position in shares of GE Vernova during the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC purchased a new position in GE Vernova during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova in the second quarter valued at approximately $25,000. Global Trust Asset Management LLC purchased a new stake in GE Vernova in the 2nd quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $27,000.

Analysts Set New Price Targets

GEV has been the topic of a number of research analyst reports. Guggenheim assumed coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target on the stock. Barclays boosted their price objective on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday. Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada boosted their price target on GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Stock Down 1.2 %

Shares of NYSE GEV opened at $293.50 on Friday. The business has a 50-day moving average of $232.95 and a two-hundred day moving average of $188.73. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $298.81.

GE Vernova (NYSE:GEV) last announced 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 company had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. Equities research analysts anticipate that GE Vernova Inc. will post 3.21 EPS for the current fiscal 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.