Bell Investment Advisors Inc Invests $40,000 in GE Vernova Inc. (NYSE:GEV)

Bell Investment Advisors Inc purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 235 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors have also modified their holdings of GEV. Bank of New York Mellon Corp purchased a new stake in GE Vernova in the 2nd quarter valued at approximately $537,674,000. Price T Rowe Associates Inc. MD purchased a new stake in GE Vernova in the 1st quarter valued at approximately $367,474,000. Assenagon Asset Management S.A. purchased a new stake in GE Vernova in the 2nd quarter valued at approximately $217,569,000. Waverton Investment Management Ltd purchased a new stake in GE Vernova in the 2nd quarter valued at approximately $113,497,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in GE Vernova in the 2nd quarter valued at $104,273,000.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $209.15 on Thursday. The business’s fifty day simple moving average is $180.04. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $210.12.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. As a group, sell-side analysts expect that GE Vernova Inc. will post 3.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GEV. Morgan Stanley reiterated an “overweight” rating and issued a $220.00 price target on shares of GE Vernova in a report on Monday, August 26th. HSBC began coverage on GE Vernova in a report on Monday, August 12th. They issued a “buy” rating and a $215.00 price target for the company. Argus initiated coverage on GE Vernova in a report on Thursday, June 13th. They issued a “buy” rating and a $190.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $180.00 price objective on shares of GE Vernova in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. upped their price objective on GE Vernova from $195.00 to $216.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.28.

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.