787 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Arrow Financial Corp

Arrow Financial Corp purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 787 shares of the company’s stock, valued at approximately $135,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of GEV. Aspire Private Capital LLC bought a new stake in shares of GE Vernova in the 2nd quarter valued at about $40,000. GAMMA Investing LLC bought a new stake in GE Vernova in the second quarter valued at approximately $776,000. Sequoia Financial Advisors LLC acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $2,724,000. Parsons Capital Management Inc. RI bought a new position in shares of GE Vernova during the 2nd quarter worth approximately $275,000. Finally, Armstrong Henry H Associates Inc. acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $523,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Argus assumed coverage on GE Vernova in a report on Thursday, June 13th. They set a “buy” rating and a $190.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and issued a $220.00 price target on shares of GE Vernova in a research note on Monday, August 26th. Mizuho raised their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Evercore ISI upped their target price on GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their price target on GE Vernova from $195.00 to $216.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $189.83.

GE Vernova Stock Up 5.0 %

Shares of GEV stock opened at $200.92 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $201.37. The stock’s fifty day simple moving average is $175.42.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating 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 expect that GE Vernova Inc. will post 3.43 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.