Hantz Financial Services Inc. Invests $133,000 in GE Vernova Inc. (NYSE:GEV)

Hantz Financial Services Inc. acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 778 shares of the company’s stock, valued at approximately $133,000.

Several other hedge funds have also added to or reduced their stakes in GEV. Bank of New York Mellon Corp bought a new position in shares of GE Vernova during the second quarter valued at $537,674,000. Price T Rowe Associates Inc. MD bought a new position in GE Vernova during the 1st quarter worth $367,474,000. Assenagon Asset Management S.A. acquired a new position in GE Vernova during the 2nd quarter worth about $217,569,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in GE Vernova during the 2nd quarter worth about $104,273,000. Finally, Steadfast Capital Management LP bought a new stake in shares of GE Vernova in the 1st quarter valued at about $80,235,000.

GE Vernova Stock Performance

GEV stock opened at $201.00 on Tuesday. The business’s 50 day moving average price is $176.38. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $201.37.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. On average, equities research analysts forecast that GE Vernova Inc. will post 3.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GEV. Citigroup started coverage on GE Vernova in a research report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $195.00 to $216.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of GE Vernova in a research note on Monday, July 22nd. William Blair initiated coverage on shares of GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Finally, Argus started coverage on GE Vernova in a report on Thursday, June 13th. They set a “buy” rating and a $190.00 price target for the company. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $189.83.

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.