Sargent Investment Group LLC Makes New $662,000 Investment in GE Vernova Inc. (NYSE:GEV)

Sargent Investment Group LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,862 shares of the company’s stock, valued at approximately $662,000.

A number of other large investors also recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of GE Vernova by 1.7% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock valued at $650,000 after buying an additional 61 shares during the period. Wedmont Private Capital grew its position in GE Vernova by 3.2% in the 2nd quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock valued at $638,000 after acquiring an additional 109 shares in the last quarter. Deseret Mutual Benefit Administrators purchased a new stake in GE Vernova during the second quarter worth about $25,000. Trifecta Capital Advisors LLC acquired a new stake in shares of GE Vernova during the second quarter worth about $25,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of GE Vernova in the second quarter valued at approximately $25,000.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $229.93 on Tuesday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $231.51. The company has a 50-day simple moving average of $183.00.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, sell-side analysts predict that GE Vernova Inc. will post 3.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GEV shares. Redburn Atlantic initiated coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 target price on the stock. HSBC started coverage on GE Vernova in a research note on Monday, August 12th. They issued a “buy” rating and a $215.00 price objective on the stock. Evercore ISI upped their price target on GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Barclays began coverage on GE Vernova in a research note on Monday. They issued an “overweight” rating and a $250.00 price objective for the company. Finally, 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 target price on the stock. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.64.

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.