79,459 shares in GE Vernova Inc. (NYSE:GEV) acquired by Arizona State Retirement System

Arizona State Retirement System bought a new stake in GE Vernova Inc. (NYSE:GEV – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 79,459 shares of the company’s stock, valued at approximately $13,628,000.

A number of other institutional investors have recently added to or reduced their stakes in GEV. Victory Capital Management Inc. purchased a new stake in shares of GE Vernova in the second quarter valued at approximately $15,866,000. Denver PWM LLC purchased a new position in shares of GE Vernova during the second quarter valued at about $75,000. ANTIPODES PARTNERS Ltd raised its position in shares of GE Vernova by 40,057.8% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 93,166 shares of the company’s stock worth $15,979,000 after acquiring an additional 92,934 shares in the the last quarter. TD Capital Management LLC purchased a new stake in GE Vernova in the second quarter valued at approximately $52,000. Finally, BBR Partners LLC purchased a new stake in shares of GE Vernova in the second quarter worth approximately $335,000.

GE Vernova price performance

Shares of GEV opened at $198.47 on Friday. The company’s 50-day moving average is $177.98. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $204.19.

GE Vernova (NYSE:GEV – Get Your Free Report ) last issued its quarterly earnings data 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 firm had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. On average, analysts estimate that GE Vernova Inc. will post 3.1 earnings per share for the current year.

Changes in Analyst Ratings

A number of research firms have recently commented on GEV. Citigroup initiated coverage on shares of GE Vernova in a research report on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 target price on the stock. Mizuho raised their target price on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Evercore ISI boosted their target price on GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Redburn Atlantic began coverage on GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price target on the stock. Finally, Argus began coverage on GE Vernova in a research note on Thursday, June 13th. They issued a “buy” rating and a $190.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $194.28.

Check out our latest research report on GEV

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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