Global Assets Advisory LLC Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Global Assets Advisory LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,069 shares of the company’s stock, valued at approximately $531,000.

Other large investors have also made changes to their positions in the company. Deseret Mutual Benefit Administrators purchased a new position in shares of GE Vernova in the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC purchased a new position in shares of GE Vernova in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new position in shares of GE Vernova in the 2nd quarter valued at about $25,000. Global Trust Asset Management LLC purchased a new position in shares of GE Vernova in the 2nd quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in shares of GE Vernova in the 2nd quarter valued at about $27,000.

GE Vernova Stock Performance

NYSE:GEV opened at $279.83 on Thursday. The firm’s fifty day simple moving average is $230.78 and its 200 day simple moving average is $187.97. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $282.97.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. Sell-side analysts anticipate that GE Vernova Inc. will post 3.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GEV. The Goldman Sachs Group increased their price target on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Truist Financial began coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a “buy” rating and a $300.00 price objective on the stock. Jefferies Financial Group increased their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Barclays increased their price objective on shares of GE Vernova from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a research note on Monday. They issued a “buy” rating and a $354.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $251.83.

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.