4,292 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV bought a new position in GE Vernova Inc. (NYSE:GEV) in the second quarter, HoldingsChannel.com reports. The firm bought 4,292 shares of the company’s stock, valued at approximately $736,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of GE Vernova by 1.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock worth $650,000 after buying an additional 61 shares during the period. Wedmont Private Capital lifted its stake in GE Vernova by 3.2% in the 2nd quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock valued at $638,000 after acquiring an additional 109 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in GE Vernova during the 2nd quarter worth approximately $26,000. Gradient Investments LLC bought a new position in shares of GE Vernova during the 2nd quarter worth approximately $27,000. Finally, Timber Creek Capital Management LLC acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $27,000.

GE Vernova Price Performance

GEV stock traded up $9.64 during midday trading on Friday, reaching $201.00. 3,347,707 shares of the company were exchanged, compared to its average volume of 3,861,742. GE Vernova Inc. has a one year low of $115.00 and a one year high of $201.37. The stock’s 50-day simple moving average is $175.93.

GE Vernova (NYSE:GEV) last posted its earnings results 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 company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. Research analysts anticipate that GE Vernova Inc. will post 3.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup initiated coverage on shares of GE Vernova in a report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 target price for the company. Evercore ISI raised their price objective on GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Redburn Atlantic began coverage on GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 target price on the stock. Daiwa Capital Markets assumed coverage on GE Vernova in a research report on Friday, June 21st. They set an “outperform” rating and a $201.50 price target for the company. Finally, Hsbc Global Res raised GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.83.

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.