Quest Investment Management LLC Takes Position in GE Vernova Inc. (NYSE:GEV)

Quest Investment Management LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,481 shares of the company’s stock, valued at approximately $254,000.

Several other large investors also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC bought a new position in GE Vernova during the second quarter worth about $670,000. Long Road Investment Counsel LLC purchased a new stake in shares of GE Vernova during the 2nd quarter valued at approximately $603,000. ProShare Advisors LLC bought a new position in GE Vernova in the 2nd quarter worth approximately $6,615,000. Profund Advisors LLC purchased a new position in GE Vernova in the 2nd quarter valued at approximately $758,000. Finally, Kowal Investment Group LLC bought a new stake in GE Vernova during the 2nd quarter valued at $321,000.

GE Vernova Trading Up 0.4 %

GEV opened at $245.46 on Friday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $250.85. The business has a 50-day moving average of $188.08.

GE Vernova (NYSE:GEV) last posted its quarterly 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 the consensus estimate of $8.42 billion. On average, analysts predict that GE Vernova Inc. will post 3.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted 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. Argus began coverage on GE Vernova in a research report on Thursday, June 13th. They set a “buy” rating and a $190.00 price target on the stock. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. BMO Capital Markets began coverage on shares of GE Vernova in a report on Friday, September 13th. They set an “outperform” rating and a $245.00 target price on the stock. Finally, Evercore ISI raised their price target on shares of GE Vernova from $202.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $219.42.

About GE Vernova

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.