Private Advisor Group LLC Makes New $3.18 Million Investment in GE Vernova Inc. (NYSE:GEV)

Private Advisor Group LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, Holdings Channel reports. The firm acquired 18,567 shares of the company’s stock, valued at approximately $3,184,000.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on GEV shares. Royal Bank of Canada reissued an “outperform” rating and set a $180.00 price objective on shares of GE Vernova in a report on Monday, July 22nd. William Blair assumed coverage on GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating for the company. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $195.00 to $216.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Hsbc Global Res upgraded GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Daiwa Capital Markets started coverage on shares of GE Vernova in a research report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price target on the stock. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.28.

GE Vernova Stock Up 3.5 %

Shares of NYSE:GEV opened at $209.15 on Thursday. The company’s 50 day simple moving average is $180.04. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $210.12.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. Analysts anticipate that GE Vernova Inc. will post 3.02 EPS 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.