Concourse Financial Group Securities Inc. Purchases 2,134 Shares of GE Vernova Inc. (NYSE:GEV)

Concourse Financial Group Securities Inc. boosted its position in GE Vernova Inc. (NYSE:GEV) by 75.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,958 shares of the company’s stock after acquiring an additional 2,134 shares during the period. Concourse Financial Group Securities Inc.’s holdings in GE Vernova were worth $1,264,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators bought a new stake in shares of GE Vernova during the 2nd quarter worth $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova in the second quarter worth about $25,000. Meeder Asset Management Inc. purchased a new position in GE Vernova in the second quarter valued at about $25,000. Global Trust Asset Management LLC bought a new position in shares of GE Vernova during the 2nd quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in shares of GE Vernova during the 2nd quarter worth approximately $27,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GEV shares. Royal Bank of Canada lifted their price objective on GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. Daiwa Capital Markets assumed coverage on shares of GE Vernova in a research report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price target on the stock. BMO Capital Markets raised their price objective on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday. Jefferies Financial Group boosted their target price on shares of GE Vernova from $261.00 to $293.00 and gave the company a “buy” rating in a report on Friday, September 20th. Finally, Redburn Atlantic began coverage on GE Vernova in a report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.78.

GE Vernova Stock Up 1.0 %

NYSE:GEV opened at $269.54 on Tuesday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $270.83. The business’s 50-day simple moving average is $216.95.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share 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 analysts’ expectations of $8.42 billion. As a group, research analysts forecast that GE Vernova Inc. will post 3.21 earnings per share for the current year.

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.