O Neil Global Advisors Inc. Makes New Investment in GE Vernova Inc. (NYSE:GEV)

O Neil Global Advisors Inc. purchased a new stake in GE Vernova Inc. (NYSE:GEVFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,485 shares of the company’s stock, valued at approximately $5,572,000. GE Vernova makes up 2.6% of O Neil Global Advisors Inc.’s holdings, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in GEV. Aspire Private Capital LLC purchased a new position in GE Vernova during the 2nd quarter valued at about $40,000. GAMMA Investing LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $776,000. Sequoia Financial Advisors LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $2,724,000. Parsons Capital Management Inc. RI purchased a new stake in GE Vernova in the 2nd quarter valued at approximately $275,000. Finally, Armstrong Henry H Associates Inc. acquired a new stake in GE Vernova during the 2nd quarter valued at $523,000.

GE Vernova Stock Performance

Shares of GEV stock opened at $226.01 on Friday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $228.68. The firm’s 50 day simple moving average is $181.89.

GE Vernova (NYSE:GEVGet Free Report) last posted its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. As a group, equities research analysts anticipate that GE Vernova Inc. will post 3.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GEV shares. William Blair initiated coverage on GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating for the company. Evercore ISI raised their price target on shares of GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday. BMO Capital Markets started coverage on shares of GE Vernova in a report on Friday. They set an “outperform” rating and a $245.00 price target for the company. Citigroup began coverage on shares of GE Vernova in a research note on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price objective on the stock. Finally, Hsbc Global Res upgraded GE Vernova to a “strong-buy” rating in a report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $203.03.

Get Our Latest Research Report on GE Vernova

GE Vernova Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

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