Wulff Hansen & CO. Invests $54.30 Million in GE Vernova Inc. (NYSE:GEV)

Wulff Hansen & CO. purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 316,607 shares of the company’s stock, valued at approximately $54,301,000. Wulff Hansen & CO. owned approximately 0.12% of GE Vernova at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GEV. Citizens Financial Group Inc. RI purchased a new stake in shares of GE Vernova during the second quarter worth $376,000. Cornerstone Advisors LLC purchased a new stake in GE Vernova during the 2nd quarter worth about $2,144,000. Mesirow Financial Investment Management Inc. bought a new position in GE Vernova in the 2nd quarter worth about $528,000. Sierra Summit Advisors LLC purchased a new position in GE Vernova during the 2nd quarter valued at about $8,024,000. Finally, Dimensional Fund Advisors LP purchased a new position in GE Vernova during the 2nd quarter valued at about $176,775,000.

GE Vernova Price Performance

Shares of GEV opened at $229.93 on Tuesday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $231.51. The business has a 50 day simple moving average of $183.00.

GE Vernova (NYSE:GEV) last issued 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 business had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. Equities research analysts expect that GE Vernova Inc. will post 3.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of analyst reports. HSBC began coverage on shares of GE Vernova in a research report on Monday, August 12th. They issued a “buy” rating and a $215.00 price objective for the company. Hsbc Global Res upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. Daiwa Capital Markets assumed coverage on GE Vernova in a research report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price objective on the stock. William Blair started coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Finally, Mizuho upped their target price on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $205.64.

GE Vernova Company 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.