IQ EQ FUND MANAGEMENT IRELAND Ltd Has $3.45 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,523 shares of the company’s stock after selling 180 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in GE Vernova were worth $3,448,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Miracle Mile Advisors LLC boosted its holdings in shares of GE Vernova by 1.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,768 shares of the company’s stock worth $706,000 after buying an additional 48 shares during the period. Merrion Investment Management Co LLC boosted its holdings in shares of GE Vernova by 0.8% during the 3rd quarter. Merrion Investment Management Co LLC now owns 6,250 shares of the company’s stock worth $1,594,000 after buying an additional 50 shares during the period. Parisi Gray Wealth Management boosted its holdings in shares of GE Vernova by 3.5% during the 3rd quarter. Parisi Gray Wealth Management now owns 1,492 shares of the company’s stock worth $380,000 after buying an additional 51 shares during the period. Petredis Investment Advisors LLC boosted its holdings in shares of GE Vernova by 0.4% during the 3rd quarter. Petredis Investment Advisors LLC now owns 13,412 shares of the company’s stock worth $3,420,000 after buying an additional 53 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of GE Vernova by 1.7% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock worth $650,000 after buying an additional 61 shares during the period.

Analyst Ratings Changes

GEV has been the subject of several research analyst reports. Jefferies Financial Group lifted their target price on shares of GE Vernova from $261.00 to $293.00 and gave the stock a “buy” rating in a report on Friday, September 20th. William Blair assumed coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating for the company. Guggenheim assumed coverage on shares of GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective for the company. Morgan Stanley boosted their price objective on shares of GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Seven investment 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.78.

GE Vernova Trading Up 3.2 %

GEV stock opened at $274.77 on Thursday. The company has a 50 day simple moving average of $221.17 and a 200 day simple moving average of $183.61. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $276.19.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. Research analysts forecast that GE Vernova Inc. will post 3.21 EPS 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.