ANTIPODES PARTNERS Ltd Acquires 92,934 Shares of GE Vernova Inc. (NYSE:GEV)

ANTIPODES PARTNERS Ltd raised its holdings in GE Vernova Inc. (NYSE:GEV) by 40,057.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 93,166 shares of the company’s stock after purchasing an additional 92,934 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in GE Vernova were worth $15,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. TD Capital Management LLC bought a new stake in GE Vernova in the 2nd quarter valued at $52,000. BBR Partners LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth about $335,000. MCF Advisors LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth about $80,000. Columbia Asset Management bought a new stake in shares of GE Vernova in the 2nd quarter worth about $267,000. Finally, CapWealth Advisors LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth about $10,978,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GEV shares. Hsbc Global Res raised shares of GE Vernova to a “strong-buy” rating in a report on Monday, August 12th. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. Jefferies Financial Group started coverage on shares of GE Vernova in a report on Wednesday. They set a “buy” rating and a $261.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $180.00 price objective on shares of GE Vernova in a report on Monday, July 22nd. Finally, HSBC assumed coverage on shares of GE Vernova in a report on Monday, August 12th. They set a “buy” rating and a $215.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.28.

GE Vernova Stock Performance

Shares of GEV stock opened at $198.44 on Friday. The business’s 50 day moving average is $177.44. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $204.19.

GE Vernova (NYSE:GEV) last announced its 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 company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. On average, analysts forecast that GE Vernova Inc. will post 3.1 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.