Plancorp LLC Buys Shares of 3,454 GE Vernova Inc. (NYSE:GEV)

Plancorp LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,454 shares of the company’s stock, valued at approximately $592,000.

Several other institutional investors also recently modified their holdings of GEV. Deseret Mutual Benefit Administrators acquired a new stake in GE Vernova during the 2nd quarter worth $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova in the second quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova in the second quarter valued at about $25,000. Global Trust Asset Management LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth about $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in shares of GE Vernova in the 2nd quarter valued at about $27,000.

GE Vernova Price Performance

NYSE GEV opened at $229.93 on Tuesday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $231.51. The firm has a 50 day moving average of $183.00.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on GEV shares. Mizuho boosted their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Evercore ISI lifted their price objective on GE Vernova from $202.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. increased their target price on GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday. Morgan Stanley lifted their price target on shares of GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Hsbc Global Res raised shares of GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $205.64.

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.