Eagle Bay Advisors LLC Makes New $66,000 Investment in GE Vernova Inc. (NYSE:GEV)

Eagle Bay Advisors LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 382 shares of the company’s stock, valued at approximately $66,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Aspire Private Capital LLC purchased a new stake in GE Vernova in the 2nd quarter valued at about $40,000. GAMMA Investing LLC purchased a new stake in GE Vernova in the second quarter valued at approximately $776,000. Sequoia Financial Advisors LLC purchased a new stake in GE Vernova in the second quarter valued at approximately $2,724,000. Parsons Capital Management Inc. RI acquired a new position in GE Vernova during the second quarter worth approximately $275,000. Finally, Armstrong Henry H Associates Inc. purchased a new position in GE Vernova during the second quarter worth approximately $523,000.

Analyst Ratings Changes

Several brokerages have recently issued reports on GEV. Argus initiated 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 for the company. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Redburn Atlantic started coverage on GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price objective on the stock. Evercore ISI boosted their target price on GE Vernova from $174.00 to $202.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $180.00 price target on shares of GE Vernova in a report on Monday, July 22nd. Four analysts have rated the stock with a hold rating, eleven have given 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 an average price target of $189.83.

GE Vernova Price Performance

GEV stock traded down $3.75 during trading on Wednesday, reaching $181.80. The stock had a trading volume of 801,516 shares, compared to its average volume of 3,860,671. The company has a fifty day moving average of $174.92. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $190.80.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. On average, sell-side analysts anticipate 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.