Marsico Capital Management LLC Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Marsico Capital Management LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 561,405 shares of the company’s stock, valued at approximately $96,287,000. GE Vernova accounts for 2.9% of Marsico Capital Management LLC’s portfolio, making the stock its 14th largest holding. Marsico Capital Management LLC owned approximately 0.20% of GE Vernova at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new stake in GE Vernova during the 2nd quarter worth about $25,000. Trifecta Capital Advisors LLC acquired a new stake in GE Vernova during the second quarter worth about $25,000. Meeder Asset Management Inc. purchased a new position in GE Vernova during the second quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new position in GE Vernova in the second quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $27,000.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GEV shares. HSBC began coverage on shares of GE Vernova in a research note on Monday, August 12th. They issued a “buy” rating and a $215.00 target price for the company. BMO Capital Markets started coverage on GE Vernova in a report on Friday, September 13th. They issued an “outperform” rating and a $245.00 price target for the company. Evercore ISI upped their target price on GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Citigroup began coverage on shares of GE Vernova in a report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price objective on the stock. Finally, Daiwa Capital Markets assumed coverage on GE Vernova in a report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $217.64.

GE Vernova Stock Up 3.8 %

Shares of GE Vernova stock opened at $238.57 on Wednesday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $240.00. The stock has a 50 day simple moving average of $184.31.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. Equities research analysts predict that GE Vernova Inc. will post 3.02 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.