Quent Capital LLC Takes Position in GE Vernova Inc. (NYSE:GEV)

Quent Capital LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 598 shares of the company’s stock, valued at approximately $103,000.

A number of other large investors also recently made changes to their positions in GEV. ANTIPODES PARTNERS Ltd acquired a new position in shares of GE Vernova in the 1st quarter valued at $30,000. Institutional & Family Asset Management LLC acquired a new stake in GE Vernova during the 2nd quarter worth $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in GE Vernova during the 2nd quarter worth $41,000. City State Bank acquired a new stake in GE Vernova during the 2nd quarter worth $47,000. Finally, LRI Investments LLC acquired a new stake in GE Vernova during the 1st quarter worth $63,000.

Analysts Set New Price Targets

Several analysts recently commented on the company. Evercore ISI raised their price objective on GE Vernova from $174.00 to $202.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Mizuho raised their price objective on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $180.00 price objective on shares of GE Vernova in a research note on Monday, July 22nd. Raymond James began coverage on GE Vernova in a report on Wednesday, April 17th. They set an “outperform” rating and a $160.00 target price for the company. Finally, BNP Paribas began coverage on GE Vernova in a report on Wednesday, April 17th. They set an “outperform” rating and a $177.00 target price for the company. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $188.04.

GE Vernova Price Performance

Shares of NYSE GEV traded up $2.11 during mid-day trading on Tuesday, hitting $164.35. The company had a trading volume of 2,799,946 shares, compared to its average volume of 4,141,965. The company has a 50-day moving average price of $171.88. GE Vernova Inc. has a one year low of $115.00 and a one year high of $185.50.

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.