Monte Financial Group LLC Buys New Stake in GE Vernova Inc. (NYSE:GEV)

Monte Financial Group LLC bought a new position in GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 926 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GEV. Newport Trust Company LLC bought a new position in shares of GE Vernova in the second quarter worth about $650,140,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova in the 2nd quarter valued at approximately $537,674,000. Price T Rowe Associates Inc. MD bought a new position in GE Vernova in the 1st quarter worth approximately $367,474,000. Marshall Wace LLP acquired a new position in shares of GE Vernova during the second quarter worth approximately $399,770,000. Finally, Legal & General Group Plc acquired a new position in shares of GE Vernova during the second quarter worth approximately $293,699,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Evercore ISI raised their price target on shares of GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Oppenheimer initiated coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. Mizuho lifted their target price on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Truist Financial initiated coverage on GE Vernova in a research note on Thursday, September 26th. They set a “buy” rating and a $300.00 price target on the stock. Seven equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.83.

GE Vernova Trading Up 1.2 %

NYSE:GEV opened at $279.83 on Thursday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $282.97. The firm has a 50 day moving average of $230.78 and a 200-day moving average of $187.97.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. On average, equities research analysts predict that GE Vernova Inc. will post 3.21 earnings per share for the current 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.