Salomon & Ludwin LLC Takes $34,000 Position in GE Vernova Inc. (NYSE:GEV)

Salomon & Ludwin LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 200 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds have also bought and sold shares of GEV. Global Trust Asset Management LLC acquired a new stake in GE Vernova during the second quarter valued at approximately $26,000. Timber Creek Capital Management LLC acquired a new stake in shares of GE Vernova during the 2nd quarter valued at approximately $27,000. Gradient Investments LLC acquired a new stake in shares of GE Vernova during the 2nd quarter valued at approximately $27,000. First Community Trust NA bought a new position in GE Vernova during the second quarter worth $29,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in GE Vernova in the first quarter worth $30,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GEV. Daiwa Capital Markets started 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. Argus started coverage on shares of GE Vernova in a report on Thursday, June 13th. They issued a “buy” rating and a $190.00 target price on the stock. Citigroup assumed coverage on GE Vernova in a report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 target price for the company. The Goldman Sachs Group raised their price target on GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Evercore ISI upped their price objective on GE Vernova from $174.00 to $202.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.83.

GE Vernova Stock Down 1.1 %

GEV traded down $1.97 on Monday, reaching $181.32. The company had a trading volume of 1,440,498 shares, compared to its average volume of 3,905,286. The firm has a fifty day moving average of $174.65. GE Vernova Inc. has a one year low of $115.00 and a one year high of $190.80.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. On average, equities analysts expect that GE Vernova Inc. will post 3.43 EPS for the current year.

GE Vernova Company 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.