Parthenon LLC Invests $934,000 in GE Vernova Inc. (NYSE:GEV)

Parthenon LLC purchased a new position in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,448 shares of the company’s stock, valued at approximately $934,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Deseret Mutual Benefit Administrators bought a new position in GE Vernova in the 2nd quarter worth $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova in the 2nd quarter worth $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova in the 2nd quarter worth $26,000. Timber Creek Capital Management LLC bought a new position in GE Vernova in the 2nd quarter worth $27,000. Finally, Gradient Investments LLC bought a new position in GE Vernova in the 2nd quarter worth $27,000.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Redburn Atlantic assumed coverage on GE Vernova in a report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and set a $220.00 price target on shares of GE Vernova in a report on Monday, August 26th. Daiwa America raised GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. William Blair initiated coverage on GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating on the stock. Finally, Argus initiated coverage on GE Vernova in a report on Thursday, June 13th. They set a “buy” rating and a $190.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $196.66.

GE Vernova Stock Up 2.9 %

Shares of GE Vernova stock opened at $215.31 on Friday. The firm’s 50-day moving average price is $180.89. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $217.09.

GE Vernova (NYSE:GEV) last issued 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 for the quarter, compared to analysts’ expectations of $8.42 billion. Analysts anticipate that GE Vernova Inc. will post 3.02 earnings per share for the current fiscal 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.