Lbmc Investment Advisors LLC Buys Shares of 1,139 GE Vernova Inc. (NYSE:GEV)

Lbmc Investment Advisors LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,139 shares of the company’s stock, valued at approximately $290,000.

Several other hedge funds have also recently added to or reduced their stakes in GEV. Newport Trust Company LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $650,140,000. Bank of New York Mellon Corp acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $537,674,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of GE Vernova in the first quarter worth approximately $367,474,000. Marshall Wace LLP acquired a new stake in shares of GE Vernova in the second quarter worth approximately $399,770,000. Finally, Legal & General Group Plc acquired a new stake in shares of GE Vernova in the second quarter worth approximately $293,699,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GEV shares. Citigroup started coverage on shares of GE Vernova in a research report on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 target price on the stock. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday. Barclays lifted their price target on shares of GE Vernova from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Redburn Atlantic started coverage on shares of GE Vernova in a research report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $234.98.

GE Vernova Price Performance

NYSE GEV traded up $1.72 on Tuesday, reaching $264.26. The stock had a trading volume of 526,763 shares, compared to its average volume of 3,699,191. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $266.56. The stock’s fifty day moving average is $207.15.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share 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 analyst estimates of $8.42 billion. On average, equities analysts anticipate that GE Vernova Inc. will post 2.83 earnings per share for the current fiscal year.

About GE Vernova

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.