Walker Asset Management LLC Purchases New Holdings in GE Vernova Inc. (NYSE:GEV)

Walker Asset Management LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 998 shares of the company’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Grimes & Company Inc. increased its position in shares of GE Vernova by 8.1% in the 3rd quarter. Grimes & Company Inc. now owns 3,825 shares of the company’s stock worth $975,000 after purchasing an additional 285 shares during the last quarter. CENTRAL TRUST Co increased its holdings in GE Vernova by 47.5% in the third quarter. CENTRAL TRUST Co now owns 8,464 shares of the company’s stock valued at $2,158,000 after buying an additional 2,726 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in GE Vernova during the third quarter valued at approximately $531,000. Brighton Jones LLC raised its stake in GE Vernova by 21.8% during the third quarter. Brighton Jones LLC now owns 2,562 shares of the company’s stock valued at $653,000 after buying an additional 459 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in GE Vernova by 35,238.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,435,792 shares of the company’s stock worth $366,098,000 after buying an additional 1,431,729 shares during the last quarter.

GE Vernova Stock Up 5.8 %

Shares of GEV stock traded up $16.35 during mid-day trading on Thursday, hitting $296.23. 2,153,777 shares of the stock traded hands, compared to its average volume of 3,592,934. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $296.69. The company’s 50-day simple moving average is $230.78 and its 200-day simple moving average is $187.97.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. Equities analysts expect that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on GEV. Morgan Stanley upped their price target on GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. BMO Capital Markets increased their target price on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. JPMorgan Chase & Co. lifted their price target on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday. Guggenheim started coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective for the company. Finally, Truist Financial initiated coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “buy” rating and a $300.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $258.07.

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.