SkyView Investment Advisors LLC Invests $411,000 in GE Vernova Inc. (NYSE:GEV)

SkyView Investment Advisors LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,398 shares of the company’s stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Deseret Mutual Benefit Administrators purchased a new position 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 in the 2nd quarter worth $25,000. Meeder Asset Management Inc. purchased a new stake in shares of GE Vernova in the 2nd quarter worth about $25,000. Global Trust Asset Management LLC purchased a new stake in shares of GE Vernova in the 2nd quarter worth about $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in shares of GE Vernova during the 2nd quarter valued at about $27,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of several research analyst reports. Barclays started coverage on shares of GE Vernova in a report on Monday, September 16th. They issued an “overweight” rating and a $250.00 price objective for the company. Hsbc Global Res upgraded GE Vernova to a “strong-buy” rating in a research note on Monday, August 12th. William Blair assumed coverage on GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating on the stock. Mizuho raised their price objective on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, HSBC assumed coverage on shares of GE Vernova in a research report on Monday, August 12th. They issued a “buy” rating and a $215.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $227.48.

GE Vernova Price Performance

GEV stock opened at $249.86 on Monday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $258.64. The business has a fifty day simple moving average of $196.33.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share 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 analysts’ expectations of $8.42 billion. As a group, research analysts anticipate that GE Vernova Inc. will post 2.83 EPS for the current fiscal year.

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.