Glass Jacobson Investment Advisors llc Buys Shares of 173 GE Vernova Inc. (NYSE:GEV)

Glass Jacobson Investment Advisors llc bought a new position in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 173 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in GE Vernova in the second quarter worth about $537,674,000. Price T Rowe Associates Inc. MD purchased a new position in GE Vernova during the 1st quarter valued at about $367,474,000. Assenagon Asset Management S.A. bought a new stake in shares of GE Vernova in the 2nd quarter valued at about $217,569,000. Dimensional Fund Advisors LP purchased a new stake in shares of GE Vernova in the 2nd quarter worth approximately $176,775,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of GE Vernova during the second quarter valued at approximately $119,390,000.

GE Vernova Stock Up 3.7 %

Shares of GEV opened at $244.45 on Friday. The stock’s 50-day moving average price is $186.78. GE Vernova Inc. has a one year low of $115.00 and a one year high of $245.00.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. As a group, equities research analysts expect that GE Vernova Inc. will post 3.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GEV. BMO Capital Markets started coverage on shares of GE Vernova in a research note on Friday, September 13th. They issued an “outperform” rating and a $245.00 price objective for the company. Argus assumed coverage on GE Vernova in a research note on Thursday, June 13th. They set a “buy” rating and a $190.00 price objective for the company. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and raised their price objective for the company from $200.00 to $300.00 in a research report on Tuesday. Daiwa Capital Markets assumed coverage on shares of GE Vernova in a report on Friday, June 21st. They issued an “outperform” rating and a $201.50 target price for the company. Finally, The Goldman Sachs Group raised their price target on shares of GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.64.

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.