Koss Olinger Consulting LLC Takes $317,000 Position in GE Vernova Inc. (NYSE:GEV)

Koss Olinger Consulting LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,847 shares of the company’s stock, valued at approximately $317,000.

Several other hedge funds and other institutional investors 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 2nd quarter worth approximately $537,674,000. Price T Rowe Associates Inc. MD bought a new stake in GE Vernova during the first quarter worth $367,474,000. Assenagon Asset Management S.A. purchased a new position in GE Vernova in the second quarter worth $217,569,000. Waverton Investment Management Ltd purchased a new position in GE Vernova in the second quarter worth $113,497,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in GE Vernova in the 2nd quarter valued at $104,273,000.

GE Vernova Stock Down 0.1 %

Shares of NYSE GEV opened at $198.33 on Monday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $204.19. The business has a 50-day moving average of $177.98.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 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 the consensus estimate of $8.42 billion. On average, equities analysts forecast that GE Vernova Inc. will post 3.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GEV. The Goldman Sachs Group lifted their target price on GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on shares of GE Vernova from $195.00 to $216.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Hsbc Global Res raised shares of GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. HSBC initiated coverage on shares of GE Vernova in a research note on Monday, August 12th. They set a “buy” rating and a $215.00 price target for the company. Finally, Jefferies Financial Group began coverage on GE Vernova in a research note on Wednesday, September 4th. They issued a “buy” rating and a $261.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $194.28.

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.