28,130 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new position in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, HoldingsChannel reports. The fund acquired 28,130 shares of the company’s stock, valued at approximately $48,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $537,674,000. Price T Rowe Associates Inc. MD purchased a new stake in GE Vernova in the 1st quarter valued at $367,474,000. Assenagon Asset Management S.A. acquired a new stake in shares of GE Vernova in the 2nd quarter worth $217,569,000. Waverton Investment Management Ltd purchased a new position in shares of GE Vernova during the 2nd quarter worth $113,497,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of GE Vernova during the 2nd quarter valued at about $104,273,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GEV shares. Mizuho raised their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. The Goldman Sachs Group upped their price objective on GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a report on Friday, July 26th. Evercore ISI increased their price objective on GE Vernova from $174.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Argus assumed coverage on GE Vernova in a research report on Thursday, June 13th. They issued a “buy” rating and a $190.00 price objective for the company. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $194.28.

GE Vernova Stock Performance

NYSE:GEV opened at $202.01 on Wednesday. The stock’s fifty day moving average price is $179.31. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $204.19.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS 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. As a group, analysts anticipate that GE Vernova Inc. will post 3.02 EPS for the current fiscal 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.