2,081 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Mather Group LLC.

Mather Group LLC. acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the third quarter, according to its most recent filing with the SEC. The firm acquired 2,081 shares of the company’s stock, valued at approximately $531,000.

Several other institutional investors also recently bought and sold shares of GEV. Aspire Private Capital LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $40,000. Legal & General Group Plc acquired a new stake in GE Vernova in the second quarter valued at $293,699,000. Central Pacific Bank Trust Division lifted its holdings in GE Vernova by 1,242.9% in the third quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock valued at $599,000 after acquiring an additional 2,175 shares during the period. Park Avenue Securities LLC acquired a new position in shares of GE Vernova during the 3rd quarter worth $2,042,000. Finally, Czech National Bank increased its holdings in shares of GE Vernova by 7.2% in the 3rd quarter. Czech National Bank now owns 55,980 shares of the company’s stock valued at $14,274,000 after purchasing an additional 3,751 shares in the last quarter.

GE Vernova Price Performance

Shares of GEV opened at $264.62 on Friday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $269.30. The company has a fifty day simple moving average of $210.95.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate 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, analysts forecast that GE Vernova Inc. will post 2.83 EPS for the current year.

Analysts Set New Price Targets

GEV has been the topic of a number of research analyst reports. Redburn Atlantic began coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective on the stock. Oppenheimer began coverage on GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating on the stock. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $200.00 to $300.00 in a report on Tuesday, September 17th. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Finally, Barclays raised their price target on GE Vernova from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $241.63.

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.