Waverton Investment Management Ltd Buys Shares of 661,249 GE Vernova Inc. (NYSE:GEV)

Waverton Investment Management Ltd bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 661,249 shares of the company’s stock, valued at approximately $113,497,000. GE Vernova accounts for approximately 2.1% of Waverton Investment Management Ltd’s holdings, making the stock its 21st biggest holding.

Several other hedge funds also recently bought and sold shares of GEV. Aspire Private Capital LLC bought a new stake in shares of GE Vernova in the second quarter valued at about $40,000. GAMMA Investing LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth about $776,000. Sequoia Financial Advisors LLC acquired a new position in GE Vernova during the second quarter worth approximately $2,724,000. Parsons Capital Management Inc. RI acquired a new stake in GE Vernova during the 2nd quarter valued at $275,000. Finally, Armstrong Henry H Associates Inc. bought a new stake in shares of GE Vernova during the 2nd quarter worth about $523,000.

GE Vernova Trading Down 0.6 %

NYSE GEV opened at $198.44 on Friday. The business’s 50 day moving average price is $177.44. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $204.19.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. As a group, analysts expect that GE Vernova Inc. will post 3.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GEV shares. Morgan Stanley reaffirmed an “overweight” rating and set a $220.00 target price on shares of GE Vernova in a report on Monday, August 26th. Hsbc Global Res raised shares of GE Vernova to a “strong-buy” rating in a research note on Monday, August 12th. Citigroup started coverage on shares of GE Vernova in a report on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price objective for the company. The Goldman Sachs Group lifted their target price on GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Jefferies Financial Group started coverage on shares of GE Vernova in a research report on Wednesday. They set a “buy” rating and a $261.00 price objective for the company. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.