Inlet Private Wealth LLC Cuts Stock Position in GE Vernova Inc. (NYSE:GEV)

Inlet Private Wealth LLC cut its stake in shares of GE Vernova Inc. (NYSE:GEV) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,317 shares of the company’s stock after selling 65 shares during the period. Inlet Private Wealth LLC’s holdings in GE Vernova were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Armstrong Fleming & Moore Inc boosted its position in shares of GE Vernova by 6.0% during the third quarter. Armstrong Fleming & Moore Inc now owns 1,250 shares of the company’s stock valued at $319,000 after buying an additional 71 shares during the period. Global Retirement Partners LLC lifted its stake in GE Vernova by 0.9% in the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after acquiring an additional 40 shares during the period. Good Life Advisors LLC boosted its stake in shares of GE Vernova by 73.9% during the third quarter. Good Life Advisors LLC now owns 3,114 shares of the company’s stock valued at $794,000 after purchasing an additional 1,323 shares in the last quarter. HFG Advisors Inc. bought a new position in shares of GE Vernova in the 3rd quarter worth $269,000. Finally, Hengehold Capital Management LLC purchased a new stake in shares of GE Vernova during the third quarter valued at about $306,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GEV. Oppenheimer assumed coverage on GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating for the company. Daiwa Capital Markets initiated coverage on GE Vernova in a report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price objective for the company. Guggenheim initiated coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target on the stock. Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $240.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.78.

GE Vernova Trading Down 0.0 %

Shares of NYSE GEV traded down $0.08 during trading on Thursday, reaching $274.69. The stock had a trading volume of 1,181,523 shares, compared to its average volume of 3,613,057. The business’s 50-day moving average price is $221.17 and its 200-day moving average price is $183.61. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $281.14.

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

About GE Vernova

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.