2,109 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Courier Capital LLC

Courier Capital LLC acquired a new position in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,109 shares of the company’s stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GEV. Price T Rowe Associates Inc. MD acquired a new position in shares of GE Vernova in the first quarter worth approximately $367,474,000. Assenagon Asset Management S.A. bought a new stake in GE Vernova in the second quarter worth approximately $217,569,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of GE Vernova during the second quarter valued at approximately $104,273,000. Steadfast Capital Management LP purchased a new position in GE Vernova in the first quarter worth $80,235,000. Finally, TCW Group Inc. bought a new stake in shares of GE Vernova during the 2nd quarter valued at $33,048,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GEV shares. Citigroup started coverage on GE Vernova in a report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 target price for the company. HSBC started coverage on GE Vernova in a report on Monday, August 12th. They set a “buy” rating and a $215.00 target price for the company. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. Daiwa Capital Markets assumed coverage on GE Vernova in a report on Friday, June 21st. They set an “outperform” rating and a $201.50 target price for the company. Finally, Evercore ISI upped their target price on GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $189.83.

GE Vernova Stock Performance

NYSE:GEV traded up $0.91 on Thursday, hitting $185.17. The stock had a trading volume of 1,094,965 shares, compared to its average volume of 3,910,429. The business has a 50-day moving average price of $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 posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. As a group, equities analysts forecast that GE Vernova Inc. will post 3.43 earnings per share 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.