GE Vernova Inc. (NYSE:GEV) Shares Purchased by Cromwell Holdings LLC

Cromwell Holdings LLC boosted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 7.0% in the third quarter, Holdings Channel reports. The fund owned 814 shares of the company’s stock after purchasing an additional 53 shares during the period. Cromwell Holdings LLC’s holdings in GE Vernova were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deseret Mutual Benefit Administrators purchased a new position in GE Vernova in the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new position in GE Vernova during the 2nd quarter worth $25,000. Meeder Asset Management Inc. acquired a new stake in shares of GE Vernova in the 2nd quarter worth $25,000. Global Trust Asset Management LLC purchased a new stake in shares of GE Vernova in the second quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in shares of GE Vernova during the second quarter worth about $27,000.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GEV. Hsbc Global Res downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Mizuho lifted their price target on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America raised their target price on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday. Finally, HSBC reaffirmed a “hold” rating and set a $255.00 price target (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.40.

GE Vernova Trading Down 1.2 %

Shares of NYSE:GEV opened at $293.50 on Friday. The stock has a 50-day simple moving average of $232.95 and a 200-day simple moving average of $188.73. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $298.81.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, equities analysts predict that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal year.

About GE Vernova

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.