Walker Asset Management LLC Takes Position in GE Vernova Inc. (NYSE:GEV)

Walker Asset Management LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 998 shares of the company’s stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators acquired a new stake in GE Vernova in the second quarter valued at about $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of GE Vernova in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova during the second quarter worth $25,000. Global Trust Asset Management LLC purchased a new position in GE Vernova in the second quarter worth $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in GE Vernova in the second quarter valued at $27,000.

GE Vernova Price Performance

Shares of NYSE GEV traded up $16.35 on Thursday, hitting $296.23. The company had a trading volume of 2,153,777 shares, compared to its average volume of 3,592,934. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $296.69. The business has a 50 day moving average of $230.78 and a two-hundred day moving average of $187.97.

GE Vernova (NYSE:GEV) last posted 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 firm had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. On average, equities analysts anticipate that GE Vernova Inc. will post 3.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GEV has been the topic of a number of recent analyst reports. Oppenheimer began coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating on the stock. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Barclays lifted their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group upped their price target on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, William Blair began coverage on GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating for the company. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $258.07.

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.