Mitchell Sinkler & Starr PA Buys Shares of 2,582 GE Vernova Inc. (NYSE:GEV)

Mitchell Sinkler & Starr PA purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,582 shares of the company’s stock, valued at approximately $417,000.

Other hedge funds have also bought and sold shares of the company. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $25,000. Trifecta Capital Advisors LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $26,000. Timber Creek Capital Management LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $27,000. Finally, Gradient Investments LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $27,000.

GE Vernova Trading Up 0.1 %

Shares of NYSE:GEV opened at $202.01 on Wednesday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $204.19. The business has a 50-day moving average of $179.31.

GE Vernova (NYSE:GEV) last announced its quarterly 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 company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. On average, analysts expect that GE Vernova Inc. will post 3.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GEV shares. The Goldman Sachs Group lifted their target price on shares of GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Morgan Stanley reiterated an “overweight” rating and set a $220.00 target price on shares of GE Vernova in a research report on Monday, August 26th. Mizuho boosted their price target on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Citigroup began coverage on shares of GE Vernova in a research report on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price target on the stock. Finally, Jefferies Financial Group began coverage on shares of GE Vernova in a research report on Wednesday, September 4th. They issued a “buy” rating and a $261.00 price target on the stock. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $194.28.

About GE Vernova

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.