CoreCap Advisors LLC holds $425,000 position in GE Vernova Inc. (NYSE:GEV)

CoreCap Advisors LLC bought a new position in GE Vernova Inc. (NYSE:GEV – Free Report) in the second quarter, Holdings Channel reports. The fund bought 2,477 shares of the company’s stock, valued at approximately $425,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GEV. Aspire Private Capital LLC purchased a new position in shares of GE Vernova in the second quarter valued at $40,000. GAMMA Investing LLC purchased a new position in shares of GE Vernova in the second quarter valued at about $776,000. Sequoia Financial Advisors LLC acquired a new position in shares of GE Vernova in the second quarter valued at about $2,724,000. Parsons Capital Management Inc. RI purchased a new stake in shares of GE Vernova in the second quarter valued at about $275,000. Finally, Armstrong Henry H Associates Inc. purchased a new stake in shares of GE Vernova in the second quarter valued at approximately $523,000.

GE Vernova stock performance

NYSE GEV opened at $225.59 on Friday. The company’s 50-day moving average is $181.89. GE Vernova Inc. it has a fifty-two week low of $115.00 and a fifty-two week high of $228.68.

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 for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. Analysts anticipate that GE Vernova Inc. will record 3.02 earnings per share for the current fiscal year.

The Wall Street analyst weighs in

Several equities analysts have weighed in on the stock. Argus began coverage on shares of GE Vernova in a research report on Thursday, June 13th. They set a “buy” rating and a $190.00 price objective on the stock. Hsbc Global Res raised GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. William Blair started coverage on GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Goldman Sachs Group lifted their price target on GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Morgan Stanley boosted their target price on shares of GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Moderate Buy” and an average price target of $203.03, according to MarketBeat.com.

Check out GE Vernova’s latest stock report

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.

See Also

Want to see what other hedge funds own GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for GE Vernova Inc. (NYSE:GEV – Free Report).

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