Delta Investment Management LLC Purchases New Holdings in GE Vernova Inc. (NYSE:GEV)

Delta Investment Management LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,475 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors have also made changes to their positions in the company. Newport Trust Company LLC acquired a new position in GE Vernova during the second quarter valued at approximately $650,140,000. Bank of New York Mellon Corp acquired a new position in GE Vernova during the second quarter valued at approximately $537,674,000. Price T Rowe Associates Inc. MD acquired a new position in GE Vernova during the first quarter valued at approximately $367,474,000. Marshall Wace LLP acquired a new position in GE Vernova during the second quarter valued at approximately $399,770,000. Finally, Electron Capital Partners LLC raised its position in GE Vernova by 1,641.3% during the second quarter. Electron Capital Partners LLC now owns 1,694,296 shares of the company’s stock valued at $290,589,000 after purchasing an additional 1,596,996 shares in the last quarter.

GE Vernova Price Performance

NYSE GEV opened at $251.22 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $258.64. The firm has a fifty day moving average of $192.81.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $8.42 billion. On average, sell-side analysts anticipate that GE Vernova Inc. will post 2.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Mizuho boosted their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Truist Financial assumed coverage on shares of GE Vernova in a research report on Thursday. They set a “buy” rating and a $300.00 price objective for the company. Redburn Atlantic assumed coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price target for the company. Jefferies Financial Group upped their price target on shares of GE Vernova from $261.00 to $293.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Royal Bank of Canada upped their price target on shares of GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus target price of $227.48.

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.