SFG Wealth Management LLC. Buys Shares of 3,933 GE Vernova Inc. (NYSE:GEV)

SFG Wealth Management LLC. bought a new stake in GE Vernova Inc. (NYSE:GEV) in the second quarter, HoldingsChannel.com reports. The fund bought 3,933 shares of the company’s stock, valued at approximately $675,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GEV. Price T Rowe Associates Inc. MD acquired a new position in GE Vernova in the first quarter valued at approximately $367,474,000. Assenagon Asset Management S.A. acquired a new position in GE Vernova in the second quarter valued at approximately $217,569,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in GE Vernova in the second quarter valued at approximately $104,273,000. Steadfast Capital Management LP acquired a new position in GE Vernova in the first quarter valued at approximately $80,235,000. Finally, TCW Group Inc. acquired a new position in GE Vernova in the second quarter valued at approximately $33,048,000.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of recent analyst reports. Daiwa Capital Markets initiated coverage on GE Vernova in a report on Friday, June 21st. They set an “outperform” rating and a $201.50 price target on the stock. Citigroup initiated coverage on GE Vernova in a report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price target on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $180.00 price target on shares of GE Vernova in a report on Monday, July 22nd. Bank of America initiated coverage on GE Vernova in a report on Wednesday, April 24th. They set a “neutral” rating and a $150.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price target on GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $189.83.

GE Vernova Price Performance

NYSE GEV traded down $4.76 during trading hours on Friday, hitting $184.06. The company’s stock had a trading volume of 2,718,507 shares, compared to its average volume of 4,014,306. The stock has a fifty day moving average of $173.37. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $190.80.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $8.42 billion. Sell-side analysts expect that GE Vernova Inc. will post 3.43 EPS for the current fiscal 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.