Rathbones Group PLC Purchases Shares of 59,491 GE Vernova Inc. (NYSE:GEV)

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

Other hedge funds have also recently bought and sold shares of the company. Aspire Private Capital LLC bought a new stake in GE Vernova in the 2nd quarter valued at $40,000. GAMMA Investing LLC bought a new stake in GE Vernova in the 2nd quarter valued at $776,000. Sequoia Financial Advisors LLC bought a new stake in GE Vernova in the 2nd quarter valued at $2,724,000. Parsons Capital Management Inc. RI bought a new stake in GE Vernova in the 2nd quarter valued at $275,000. Finally, Armstrong Henry H Associates Inc. bought a new stake in GE Vernova in the 2nd quarter valued at $523,000.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of recent research reports. 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 for the company. Royal Bank of Canada restated an “outperform” rating and issued a $180.00 price objective on shares of GE Vernova in a research note on Monday, July 22nd. Evercore ISI increased their price objective on shares of GE Vernova from $202.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday. William Blair initiated coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Finally, Morgan Stanley increased their price objective on shares of GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research note on Friday. Four 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.03.

GE Vernova Stock Up 4.8 %

Shares of NYSE GEV opened at $225.59 on Monday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $228.68. The business has a 50-day moving average of $181.89.

GE Vernova (NYSE:GEV) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $8.42 billion. On average, equities research analysts anticipate that GE Vernova Inc. will post 3.02 earnings per share for the current year.

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.