Plato Investment Management Ltd Takes Position in GE Vernova Inc. (NYSE:GEV)

Plato Investment Management Ltd acquired a new position in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 960 shares of the company’s stock, valued at approximately $165,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GEV. WINTON GROUP Ltd purchased a new stake in GE Vernova during the second quarter valued at approximately $21,205,000. Spectrum Wealth Counsel LLC purchased a new stake in shares of GE Vernova during the 2nd quarter valued at $27,000. Schulhoff & Co. Inc. purchased a new stake in shares of GE Vernova during the 2nd quarter valued at $309,000. Williams Financial LLC acquired a new stake in shares of GE Vernova in the 2nd quarter worth $679,000. Finally, J.W. Cole Advisors Inc. purchased a new position in GE Vernova during the 2nd quarter worth $576,000.

GE Vernova Stock Performance

GE Vernova stock opened at $229.93 on Tuesday. The company has a fifty day moving average of $183.00. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $231.51.

GE Vernova (NYSE:GEV) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $8.42 billion. As a group, analysts forecast that GE Vernova Inc. will post 3.02 EPS for the current year.

Wall Street Analysts Forecast Growth

GEV has been the subject of several recent analyst reports. Hsbc Global Res raised GE Vernova to a “strong-buy” rating in a report on Monday, August 12th. Morgan Stanley lifted their target price on shares of GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research note on Friday. The Goldman Sachs Group raised their price target on shares of GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Daiwa Capital Markets initiated coverage on shares of GE Vernova in a report on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective on the stock. Finally, Redburn Atlantic assumed coverage on GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 target price for the company. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.64.

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.