Meiji Yasuda Life Insurance Co Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Meiji Yasuda Life Insurance Co purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,652 shares of the company’s stock, valued at approximately $3,027,000.

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

GE Vernova Stock Up 3.8 %

Shares of GEV stock opened at $238.57 on Wednesday. The company has a fifty day moving average price of $184.31. GE Vernova Inc. has a one year low of $115.00 and a one year high of $240.00.

GE Vernova (NYSE:GEV) last issued its earnings results 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 firm had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, equities research analysts predict that GE Vernova Inc. will post 3.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GEV shares. Evercore ISI increased their price objective on shares of GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. The Goldman Sachs Group increased their target price on GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. William Blair assumed coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Finally, BMO Capital Markets initiated coverage on GE Vernova in a research report on Friday, September 13th. They issued an “outperform” rating and a $245.00 target price on the stock. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $217.64.

GE Vernova 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.