GE Vernova Inc. (NYSE:GEV) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 454.5% in the third quarter, HoldingsChannel reports. The firm owned 13,558 shares of the company’s stock after acquiring an additional 11,113 shares during the quarter. Vontobel Holding Ltd.’s holdings in GE Vernova were worth $3,457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GEV. Anderson Hoagland & Co. purchased a new stake in shares of GE Vernova in the first quarter worth about $1,720,000. Maryland State Retirement & Pension System purchased a new position in shares of GE Vernova during the 1st quarter valued at approximately $2,892,000. Boit C F David purchased a new position in shares of GE Vernova during the 1st quarter valued at approximately $149,000. ANTIPODES PARTNERS Ltd purchased a new stake in GE Vernova during the first quarter worth $30,000. Finally, Nwam LLC acquired a new stake in GE Vernova during the first quarter valued at $1,531,000.

Analyst Upgrades and Downgrades

GEV has been the topic of several recent analyst reports. Truist Financial began coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a “buy” rating and a $300.00 target price on the stock. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and raised their price objective for the company from $200.00 to $300.00 in a report on Tuesday, September 17th. Jefferies Financial Group upped their target price on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research note on Friday. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $240.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $246.73.

GE Vernova Price Performance

NYSE GEV opened at $272.92 on Friday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $281.37. The stock’s fifty day moving average is $224.93 and its two-hundred day moving average is $184.85.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (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 analysts’ expectations of $8.42 billion. On average, research analysts anticipate that GE Vernova Inc. will post 3.21 earnings per share for the current year.

GE Vernova 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.