Northwestern Mutual Wealth Management Co. Purchases New Holdings in GE Vernova Inc. (NYSE:GEV)

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,648 shares of the company’s stock, valued at approximately $2,511,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aspire Private Capital LLC acquired a new stake in shares of GE Vernova during the second quarter worth approximately $40,000. Legal & General Group Plc acquired a new position in GE Vernova during the 2nd quarter worth $293,699,000. GAMMA Investing LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth about $776,000. Sequoia Financial Advisors LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at about $2,724,000. Finally, Toronto Dominion Bank bought a new position in shares of GE Vernova during the second quarter worth about $22,969,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GEV. Redburn Atlantic began coverage on GE Vernova in a report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price objective for the company. HSBC reiterated a “hold” rating and issued a $255.00 price target (up from $240.00) on shares of GE Vernova in a report on Friday. Evercore ISI raised their price objective on GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday. Oppenheimer started coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating for the company. Finally, Royal Bank of Canada increased their target price on shares of GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $234.98.

GE Vernova Trading Up 4.3 %

Shares of GEV opened at $265.59 on Friday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $266.42. The company’s fifty day simple moving average is $205.35.

GE Vernova (NYSE:GEV) last released its 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 for the quarter, compared to analyst estimates of $8.42 billion. Sell-side analysts anticipate that GE Vernova Inc. will post 2.83 EPS 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.