GE Vernova Inc. (NYSE:GEV) Stock Holdings Increased by Brighton Jones LLC

Brighton Jones LLC raised its stake in GE Vernova Inc. (NYSE:GEV) by 21.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,562 shares of the company’s stock after acquiring an additional 459 shares during the period. Brighton Jones LLC’s holdings in GE Vernova were worth $653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Global Retirement Partners LLC boosted its position in shares of GE Vernova by 0.9% during the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after buying an additional 40 shares during the period. Whittier Trust Co. boosted its position in shares of GE Vernova by 1.9% during the third quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock worth $537,000 after buying an additional 40 shares during the period. First Bancorp Inc ME boosted its position in shares of GE Vernova by 3.1% during the third quarter. First Bancorp Inc ME now owns 1,450 shares of the company’s stock worth $370,000 after buying an additional 44 shares during the period. Plimoth Trust Co. LLC boosted its position in shares of GE Vernova by 1.4% during the third quarter. Plimoth Trust Co. LLC now owns 3,279 shares of the company’s stock worth $836,000 after buying an additional 44 shares during the period. Finally, Miracle Mile Advisors LLC boosted its position in shares of GE Vernova by 1.8% during the third quarter. Miracle Mile Advisors LLC now owns 2,768 shares of the company’s stock worth $706,000 after buying an additional 48 shares during the period.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $293.50 on Friday. The company’s fifty day moving average is $232.95 and its two-hundred day moving average is $188.73. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $298.81.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating 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, equities research analysts forecast that GE Vernova Inc. will post 3.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GEV shares. BMO Capital Markets boosted their price objective on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. William Blair started coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Morgan Stanley upped their target price on GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research report on Thursday. Guggenheim started coverage on GE Vernova in a research report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price for the company. Finally, Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average price target of $261.40.

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.