General American Investors Co. Inc. Makes New $9.43 Million Investment in GE Vernova Inc. (NYSE:GEV)

General American Investors Co. Inc. acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, HoldingsChannel reports. The firm acquired 55,000 shares of the company’s stock, valued at approximately $9,433,000.

Several other large investors have also recently made changes to their positions in GEV. Deseret Mutual Benefit Administrators purchased a new position in GE Vernova during the 2nd quarter valued at approximately $25,000. Global Trust Asset Management LLC purchased a new position in shares of GE Vernova in the second quarter valued at $26,000. Timber Creek Capital Management LLC bought a new stake in GE Vernova in the second quarter worth $27,000. Gradient Investments LLC bought a new stake in GE Vernova in the second quarter worth $27,000. Finally, Game Plan Financial Advisors LLC purchased a new stake in GE Vernova during the second quarter valued at $28,000.

GE Vernova Stock Down 0.1 %

Shares of NYSE GEV opened at $198.33 on Friday. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $204.19. The company has a 50 day moving average price of $177.98.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. Analysts anticipate that GE Vernova Inc. will post 3.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GEV. Morgan Stanley restated an “overweight” rating and issued a $220.00 target price on shares of GE Vernova in a report on Monday, August 26th. Citigroup assumed coverage on GE Vernova in a research note on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price objective on the stock. Redburn Atlantic began coverage on GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price objective for the company. Mizuho boosted their target price on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group increased 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 analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.28.

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.