Signaturefd LLC Purchases 222 Shares of GE Vernova Inc. (NYSE:GEV)

Signaturefd LLC raised its holdings in GE Vernova Inc. (NYSE:GEV) by 4.8% during the third quarter, HoldingsChannel reports. The firm owned 4,840 shares of the company’s stock after acquiring an additional 222 shares during the quarter. Signaturefd LLC’s holdings in GE Vernova were worth $1,234,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Maryland State Retirement & Pension System acquired a new stake in shares of GE Vernova in the first quarter valued at about $2,892,000. Boit C F David purchased a new position in GE Vernova during the 1st quarter worth $149,000. ANTIPODES PARTNERS Ltd purchased a new position in GE Vernova during the first quarter worth about $30,000. Nwam LLC bought a new stake in GE Vernova in the 1st quarter worth about $1,531,000. Finally, LRI Investments LLC purchased a new stake in GE Vernova in the 1st quarter valued at about $63,000.

Analyst Ratings Changes

Several research firms have weighed in on GEV. Raymond James cut GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Truist Financial started coverage on shares of GE Vernova in a research report on Thursday, September 26th. They issued a “buy” rating and a $300.00 price objective on the stock. HSBC reissued a “hold” rating and set a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Bank of America raised shares of GE Vernova from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $200.00 to $300.00 in a report on Tuesday, September 17th. Finally, William Blair initiated coverage on GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating for the company. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.83.

GE Vernova Trading Up 1.2 %

NYSE GEV opened at $279.83 on Thursday. The company’s 50 day simple moving average is $230.78 and its two-hundred day simple moving average is $187.97. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $282.97.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data 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 analysts’ expectations of $8.42 billion. As a group, research analysts predict that GE Vernova Inc. will post 3.21 EPS for the current year.

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.