Traphagen Investment Advisors LLC Purchases Shares of 1,326 GE Vernova Inc. (NYSE:GEV)

Traphagen Investment Advisors LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,326 shares of the company’s stock, valued at approximately $338,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Deseret Mutual Benefit Administrators acquired a new stake in GE Vernova during the second quarter worth about $25,000. Trifecta Capital Advisors LLC purchased a new stake in GE Vernova in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Global Trust Asset Management LLC purchased a new position in shares of GE Vernova during the 2nd quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in shares of GE Vernova in the 2nd quarter valued at $27,000.

GE Vernova Trading Down 0.2 %

GEV traded down $0.46 during trading hours on Tuesday, reaching $275.97. The company’s stock had a trading volume of 834,058 shares, compared to its average volume of 3,585,747. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $281.37. The business’s 50-day moving average is $226.93 and its 200-day moving average is $186.25.

GE Vernova (NYSE:GEV) last announced its quarterly 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. As a group, equities research analysts expect that GE Vernova Inc. will post 3.21 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on GEV. Morgan Stanley raised their price target on shares of GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Redburn Atlantic assumed 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. Jefferies Financial Group increased their price target on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets boosted their price objective on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on GE Vernova in a research report on Monday. They set a “buy” rating and a $354.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.83.

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.