59,491 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Rathbones Group PLC

Rathbones Group PLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,491 shares of the company’s stock, valued at approximately $10,203,000.

Other large investors have also made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova during the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC acquired a new stake in shares of GE Vernova during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of GE Vernova during the second quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova during the second quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in shares of GE Vernova during the second quarter valued at approximately $27,000.

GE Vernova Stock Up 4.8 %

NYSE GEV opened at $225.59 on Monday. The business’s fifty day moving average price is $181.89. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $228.68.

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, topping the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. On average, equities research analysts expect that GE Vernova Inc. will post 3.02 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GEV shares. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. Daiwa Capital Markets initiated coverage on shares of GE Vernova in a research note on Friday, June 21st. They issued an “outperform” rating and a $201.50 price objective on the stock. HSBC initiated coverage on shares of GE Vernova in a research note on Monday, August 12th. They issued a “buy” rating and a $215.00 price objective on the stock. Mizuho upped their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Redburn Atlantic initiated 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. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus target price of $203.03.

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.