Wulff Hansen & CO. Invests $54.30 Million in GE Vernova Inc. (NYSE:GEV)

Wulff Hansen & CO. purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 316,607 shares of the company’s stock, valued at approximately $54,301,000.

Several other institutional investors have also added to or reduced their stakes in the company. Citizens Financial Group Inc. RI purchased a new position in shares of GE Vernova in the second quarter valued at about $376,000. Cornerstone Advisors LLC purchased a new position in GE Vernova during the 2nd quarter valued at about $2,144,000. Mesirow Financial Investment Management Inc. bought a new position in GE Vernova during the 2nd quarter valued at approximately $528,000. Sierra Summit Advisors LLC purchased a new stake in GE Vernova in the 2nd quarter worth approximately $8,024,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $176,775,000.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GEV. Barclays initiated coverage on GE Vernova in a research note on Monday. They issued an “overweight” rating and a $250.00 price target for the company. JPMorgan Chase & Co. raised their target price on shares of GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday. Mizuho lifted 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. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Finally, Evercore ISI lifted their price objective on GE Vernova from $202.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Four research analysts have rated the stock with a hold rating, fifteen 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 an average rating of “Moderate Buy” and a consensus price target of $205.64.

GE Vernova Stock Performance

GE Vernova stock opened at $229.93 on Tuesday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $231.51. The business has a fifty day moving average of $183.00.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. On average, research analysts predict that GE Vernova Inc. will post 3.02 EPS for the current year.

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.