Key Financial Inc Acquires Shares of 581 GE Vernova Inc. (NYSE:GEV)

Key Financial Inc bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, HoldingsChannel reports. The firm bought 581 shares of the company’s stock, valued at approximately $100,000.

Several other large investors have also recently added to or reduced their stakes in GEV. Aspire Private Capital LLC bought a new position in GE Vernova during the second quarter worth $40,000. GAMMA Investing LLC bought a new stake in shares of GE Vernova in the second quarter valued at about $776,000. Sequoia Financial Advisors LLC acquired a new position in GE Vernova during the 2nd quarter worth approximately $2,724,000. Parsons Capital Management Inc. RI acquired a new stake in GE Vernova in the 2nd quarter valued at $275,000. Finally, Armstrong Henry H Associates Inc. bought a new stake in GE Vernova during the second quarter worth about $523,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GEV. William Blair started coverage on GE Vernova in a research note on Thursday. They issued an “outperform” rating on the stock. HSBC started coverage on shares of GE Vernova in a research note on Monday, August 12th. They issued a “buy” rating and a $215.00 price objective on the stock. Redburn Atlantic assumed coverage on shares of GE Vernova in a research report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 target price for the company. Argus assumed coverage on GE Vernova in a research note on Thursday, June 13th. They issued a “buy” rating and a $190.00 price objective on the stock. Finally, Mizuho increased their target price on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $189.83.

GE Vernova Stock Performance

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

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, beating the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. On average, equities analysts forecast that GE Vernova Inc. will post 3.43 EPS 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.