126,606 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 126,606 shares of the company’s stock, valued at approximately $21,714,000.

Other large investors have also modified their holdings of the company. Aspire Private Capital LLC acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $40,000. GAMMA Investing LLC acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $776,000. Sequoia Financial Advisors LLC acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $2,724,000. Parsons Capital Management Inc. RI acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $275,000. Finally, Armstrong Henry H Associates Inc. acquired a new position in GE Vernova during the 2nd quarter valued at about $523,000.

GE Vernova Price Performance

Shares of GEV traded up $6.90 during midday trading on Friday, hitting $198.26. The stock had a trading volume of 1,538,765 shares, compared to its average volume of 3,845,012. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $198.80. The stock’s 50-day moving average price is $175.13.

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 firm had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. Analysts anticipate that GE Vernova Inc. will post 3.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on GEV. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Redburn Atlantic began coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 target price on the stock. Mizuho raised their target price on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. HSBC began coverage on shares of GE Vernova in a research note on Monday, August 12th. They set a “buy” rating and a $215.00 target price on the stock. Finally, Daiwa Capital Markets began coverage on shares of GE Vernova in a research note on Friday, June 21st. They set an “outperform” rating and a $201.50 target price on the stock. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. 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.