Hoertkorn Richard Charles Has $4.54 Million Position in GE Vernova Inc. (NYSE:GEV)

Hoertkorn Richard Charles lessened its position in GE Vernova Inc. (NYSE:GEV) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,812 shares of the company’s stock after selling 331 shares during the period. GE Vernova comprises approximately 2.0% of Hoertkorn Richard Charles’ holdings, making the stock its 15th biggest holding. Hoertkorn Richard Charles’ holdings in GE Vernova were worth $4,542,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GEV. Aspire Private Capital LLC bought a new stake in GE Vernova during the 2nd quarter worth about $40,000. Legal & General Group Plc acquired a new position in shares of GE Vernova in the 2nd quarter valued at $293,699,000. Central Pacific Bank Trust Division boosted its holdings in GE Vernova by 1,242.9% during the third quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock worth $599,000 after buying an additional 2,175 shares during the last quarter. Concourse Financial Group Securities Inc. boosted its stake in GE Vernova by 75.6% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 4,958 shares of the company’s stock worth $1,264,000 after acquiring an additional 2,134 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of GE Vernova in the 3rd quarter valued at $2,042,000.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GEV. Guggenheim started coverage on GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price for the company. The Goldman Sachs Group raised their target price on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Barclays increased their price target on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday. Bank of America upped their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $255.88.

GE Vernova Stock Performance

GE Vernova stock opened at $279.83 on Thursday. The stock’s 50 day moving average price is $230.78 and its two-hundred day moving average price is $187.97. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $282.97.

GE Vernova (NYSE:GEV) last posted its quarterly 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 firm had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. Analysts anticipate that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal year.

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.