IQ EQ FUND MANAGEMENT IRELAND Ltd Has $3.45 Million Stock Position in GE Vernova Inc. (NYSE:GEV)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its holdings in GE Vernova Inc. (NYSE:GEV) by 1.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,523 shares of the company’s stock after selling 180 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in GE Vernova were worth $3,448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEV. Newport Trust Company LLC acquired a new position in GE Vernova in the 2nd quarter valued at approximately $650,140,000. Bank of New York Mellon Corp acquired a new position in GE Vernova in the 2nd quarter valued at approximately $537,674,000. Price T Rowe Associates Inc. MD acquired a new position in GE Vernova in the 1st quarter valued at approximately $367,474,000. Marshall Wace LLP acquired a new position in GE Vernova in the 2nd quarter valued at approximately $399,770,000. Finally, Legal & General Group Plc acquired a new position in GE Vernova in the 2nd quarter valued at approximately $293,699,000.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GEV shares. Barclays upped their price target on shares of GE Vernova from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price objective 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. The Goldman Sachs Group upped their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Finally, Redburn Atlantic began coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $243.78.

GE Vernova Stock Up 3.2 %

GE Vernova stock opened at $274.77 on Thursday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $276.19. The firm’s fifty day moving average price is $221.17 and its two-hundred day moving average price is $183.61.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share 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 the consensus estimate of $8.42 billion. Analysts anticipate that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal 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.