Mayflower Financial Advisors LLC Makes New $392,000 Investment in GE Vernova Inc. (NYSE:GEV)

Mayflower Financial Advisors LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,287 shares of the company’s stock, valued at approximately $392,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GEV. Global Trust Asset Management LLC acquired a new stake in GE Vernova in the second quarter valued at about $26,000. Timber Creek Capital Management LLC bought a new position in shares of GE Vernova in the second quarter worth about $27,000. Gradient Investments LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $27,000. Game Plan Financial Advisors LLC bought a new stake in shares of GE Vernova during the 2nd quarter valued at approximately $28,000. Finally, First Community Trust NA bought a new stake in shares of GE Vernova during the 2nd quarter valued at approximately $29,000.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GEV shares. Evercore ISI increased their price objective on shares of GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. 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 objective on the stock. Jefferies Financial Group assumed coverage on GE Vernova in a research report on Wednesday. They set a “buy” rating and a $261.00 price objective on the stock. Argus assumed coverage on GE Vernova in a research report on Thursday, June 13th. They issued a “buy” rating and a $190.00 target price for the company. Finally, Redburn Atlantic assumed coverage on GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price target on the stock. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $194.28.

GE Vernova Stock Down 0.6 %

GEV opened at $198.44 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $204.19. The business’s fifty day moving average price is $177.44.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data 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 business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, research analysts anticipate that GE Vernova Inc. will post 3.1 earnings per share 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.