Thoroughbred Financial Services LLC invested $251,000 in GE Vernova Inc. (NYSE:GEV)

Thoroughbred Financial Services LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 1,467 shares of the company’s stock, valued at approximately $251,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new stake in shares of GE Vernova in the second quarter valued at $670,000. Dai ichi Life Insurance Company Ltd bought a new stake in GE Vernova in the second quarter valued at about $3,196,000. O Neil Global Advisors Inc. purchased a new position in GE Vernova in the second quarter valued at about $5,572,000. Fiduciary Group LLC purchased a new position in GE Vernova in the second quarter valued at approximately $263,000. Finally, 1ST Source Bank bought a new position in GE Vernova in the second quarter valued at approximately $509,000.

GE Vernova stock rose 3.8%

Shares of GE Vernova stock opened at $238.57 on Wednesday. The business has a fifty day moving average price of $184.31. GE Vernova Inc. it has a fifty-two week low of $115.00 and a fifty-two week high of $240.00.

GE Vernova (NYSE:GEV – Get Your Free Report ) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. On average, sell-side analysts estimate that GE Vernova Inc. will post 3.02 EPS for the current year.

Changes in Analyst Ratings

GEV has been the subject of several research reports. Jefferies Financial Group began coverage on shares of GE Vernova in a report on Wednesday, September 4th. They set a “buy” rating and a $261.00 price objective for the company. Daiwa Capital Markets initiated coverage on GE Vernova in a report on Friday, June 21st. They set an “outperform” rating and a $201.50 price target on the stock. Barclays assumed coverage on GE Vernova in a report on Monday. They issued an “overweight” rating and a $250.00 price objective for the company. BMO Capital Markets began coverage on GE Vernova in a research report on Friday, September 13th. They set an “outperform” rating and a $245.00 price objective for the company. Finally, Hsbc Global Res raised GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $217.64, based on data from MarketBeat.

Get the latest stock analysis on GE Vernova

GE Vernova profile

(Free Report)

GE Vernova LLC, an energy business company, generates electricity. It operates in three segments: electricity, wind and electrification. The Power segments generate and sell electricity through hydro, gas, nuclear and steam power. The wind segment engages in the production and sale of wind turbine blades; and the Electrification Segment offers grid, power conversion, solar and storage solutions.

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