6,110 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,110 shares of the company’s stock, valued at approximately $1,048,000.

A number of other large investors also recently added to or reduced their stakes in GEV. Deseret Mutual Benefit Administrators bought a new stake in shares of GE Vernova during the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new position in GE Vernova during the 2nd quarter valued at approximately $25,000. Global Trust Asset Management LLC bought a new stake in GE Vernova in the 2nd quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in shares of GE Vernova during the 2nd quarter worth approximately $27,000.

GE Vernova Trading Down 0.5 %

Shares of NYSE:GEV opened at $249.86 on Friday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $258.64. The firm has a fifty day moving average of $196.33.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. On average, equities research analysts forecast that GE Vernova Inc. will post 2.83 EPS for the current year.

Analysts Set New Price Targets

GEV has been the topic of several research reports. Royal Bank of Canada boosted their price target on shares of GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 17th. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. Truist Financial assumed coverage on GE Vernova in a research note on Thursday. They issued a “buy” rating and a $300.00 target price on the stock. Oppenheimer started coverage on shares of GE Vernova in a research note on Thursday. They set a “market perform” rating for the company. Finally, Mizuho raised their price target on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.