Slocum Gordon & Co LLP Purchases Shares of 3,033 GE Vernova Inc. (NYSE:GEV)

Slocum Gordon & Co LLP acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 3,033 shares of the company’s stock, valued at approximately $520,000.

Other hedge funds have also recently modified their holdings of the company. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova during the second quarter valued at about $25,000. Global Trust Asset Management LLC acquired a new position in GE Vernova in the 2nd quarter worth approximately $26,000. Gradient Investments LLC acquired a new position in GE Vernova in the 2nd quarter worth approximately $27,000. Timber Creek Capital Management LLC acquired a new position in GE Vernova in the 2nd quarter worth approximately $27,000. Finally, Game Plan Financial Advisors LLC acquired a new position in GE Vernova in the 2nd quarter worth approximately $28,000.

GE Vernova Stock Performance

NYSE GEV opened at $200.89 on Friday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $204.19. The business’s fifty day moving average is $177.44.

GE Vernova (NYSE:GEV) last posted its quarterly 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 analysts’ expectations of $8.42 billion. Sell-side analysts expect that GE Vernova Inc. will post 3.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GEV. Royal Bank of Canada reiterated an “outperform” rating and issued a $180.00 price target on shares of GE Vernova in a report on Monday, July 22nd. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Redburn Atlantic initiated coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective on the stock. Mizuho raised their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Daiwa Capital Markets initiated coverage on shares of GE Vernova in a research note on Friday, June 21st. They set an “outperform” rating and a $201.50 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.