Aaron Wealth Advisors LLC Makes New $383,000 Investment in GE Vernova Inc. (NYSE:GEV)

Aaron Wealth Advisors LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,502 shares of the company’s stock, valued at approximately $383,000.

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

GE Vernova Price Performance

GEV stock opened at $272.92 on Friday. The company’s fifty day moving average price is $224.93 and its 200-day moving average price is $184.85. GE Vernova Inc. has a one year low of $115.00 and a one year high of $281.37.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. As a group, analysts anticipate that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GEV. Evercore ISI lifted their price objective on GE Vernova from $285.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Guggenheim assumed coverage on shares of GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price on the stock. The Goldman Sachs Group increased their price target on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Mizuho raised their target price on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Redburn Atlantic began coverage on GE Vernova in a research report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price target on the stock. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and a consensus price target of $246.73.

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.