Daymark Wealth Partners LLC Acquires Shares of 4,916 GE Vernova Inc. (NYSE:GEV)

Daymark Wealth Partners LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,916 shares of the company’s stock, valued at approximately $843,000.

Several other hedge funds have also modified their holdings of GEV. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova during the second quarter worth $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth $25,000. Meeder Asset Management Inc. purchased a new position in shares of GE Vernova in the 2nd quarter valued at about $25,000. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova in the second quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in GE Vernova during the second quarter worth about $27,000.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $249.84 on Friday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $258.64. The business’s fifty day simple moving average is $196.33.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. Analysts expect that GE Vernova Inc. will post 2.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Oppenheimer assumed coverage on shares of GE Vernova in a research report on Thursday. They set a “market perform” rating for the company. Daiwa Capital Markets assumed coverage on GE Vernova in a report on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective for the company. Mizuho upped their target price on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, July 26th. BMO Capital Markets assumed coverage on GE Vernova in a research note on Friday, September 13th. They set an “outperform” rating and a $245.00 price target for the company. Finally, Guggenheim assumed coverage on shares of GE Vernova in a research note on Tuesday. They issued a “buy” rating and a $300.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $227.48.

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.