1,054 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by HFG Advisors Inc.

HFG Advisors Inc. purchased a new position in GE Vernova Inc. (NYSE:GEV) in the third quarter, HoldingsChannel reports. The institutional investor purchased 1,054 shares of the company’s stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Hengehold Capital Management LLC purchased a new stake in shares of GE Vernova in the 3rd quarter valued at $306,000. Regent Peak Wealth Advisors LLC acquired a new position in GE Vernova during the third quarter valued at $237,000. Vontobel Holding Ltd. raised its stake in shares of GE Vernova by 454.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 13,558 shares of the company’s stock valued at $3,457,000 after buying an additional 11,113 shares during the last quarter. Griffin Asset Management Inc. raised its stake in shares of GE Vernova by 96.4% during the 3rd quarter. Griffin Asset Management Inc. now owns 10,065 shares of the company’s stock valued at $2,566,000 after buying an additional 4,940 shares during the last quarter. Finally, Petredis Investment Advisors LLC lifted its holdings in shares of GE Vernova by 0.4% in the 3rd quarter. Petredis Investment Advisors LLC now owns 13,412 shares of the company’s stock valued at $3,420,000 after buying an additional 53 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GEV shares. Bank of America upgraded GE Vernova from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $300.00 in a research report on Tuesday, September 17th. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. HSBC restated a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Morgan Stanley boosted their price target on GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Finally, Evercore ISI raised their price objective on GE Vernova from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. 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 stock. According to MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $243.78.

GE Vernova Price Performance

GEV traded up $2.11 during trading hours on Thursday, hitting $276.88. 637,921 shares of the company’s stock were exchanged, compared to its average volume of 3,609,202. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $281.37. The firm has a 50 day moving average of $221.17 and a 200 day moving average of $183.61.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. On average, research analysts forecast that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal 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.