1,320 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by XML Financial LLC

XML Financial LLC acquired a new position in GE Vernova Inc. (NYSE:GEV) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,320 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new position in shares of GE Vernova during the second quarter worth approximately $26,000. Gradient Investments LLC purchased a new position in shares of GE Vernova during the second quarter worth approximately $27,000. Timber Creek Capital Management LLC purchased a new position in shares of GE Vernova during the second quarter worth approximately $27,000. First Community Trust NA purchased a new position in shares of GE Vernova during the second quarter worth approximately $29,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of GE Vernova during the second quarter worth approximately $32,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of GE Vernova in a research note on Wednesday, April 24th. They set a “neutral” rating and a $150.00 price objective on the stock. Argus assumed coverage on shares of GE Vernova in a research note on Thursday, June 13th. They set a “buy” rating and a $190.00 price objective on the stock. Morgan Stanley upgraded shares of GE Vernova from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $175.00 to $220.00 in a research note on Thursday, August 1st. Hsbc Global Res upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.83.

GE Vernova Price Performance

Shares of GE Vernova stock traded up $0.25 during trading on Wednesday, hitting $184.25. 1,601,404 shares of the company’s stock were exchanged, compared to its average volume of 3,938,303. The firm’s 50-day simple moving average is $174.19. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $190.80.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data 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 firm had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, equities analysts expect that GE Vernova Inc. will post 3.43 EPS for the current year.

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.