1,239 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. bought a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, Holdings Channel reports. The fund bought 1,239 shares of the company’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aspire Private Capital LLC bought a new position in GE Vernova during the 2nd quarter worth approximately $40,000. GAMMA Investing LLC acquired a new stake in GE Vernova in the second quarter worth $776,000. Sequoia Financial Advisors LLC bought a new position in shares of GE Vernova during the second quarter worth $2,724,000. Parsons Capital Management Inc. RI bought a new position in shares of GE Vernova during the second quarter worth $275,000. Finally, Armstrong Henry H Associates Inc. acquired a new position in shares of GE Vernova in the 2nd quarter valued at $523,000.

GE Vernova Price Performance

Shares of NYSE GEV opened at $215.31 on Friday. The firm has a 50-day moving average of $180.89. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $217.09.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. As a group, sell-side analysts forecast that GE Vernova Inc. will post 3.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on GEV shares. Daiwa Capital Markets began coverage on GE Vernova in a research note on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective on the stock. JPMorgan Chase & Co. raised their price target on GE Vernova from $195.00 to $216.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $180.00 price objective on shares of GE Vernova in a research report on Monday, July 22nd. Argus began coverage on shares of GE Vernova in a report on Thursday, June 13th. They set a “buy” rating and a $190.00 target price on the stock. Finally, Redburn Atlantic initiated coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price target on the stock. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average target price of $196.66.

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.