Maryland State Retirement & Pension System Takes $2.89 Million Position in GE Vernova Inc. (NYSE:GEV)

Maryland State Retirement & Pension System acquired a new position in GE Vernova Inc. (NYSE:GEVFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,256 shares of the company’s stock, valued at approximately $2,892,000.

Separately, Anderson Hoagland & Co. acquired a new stake in shares of GE Vernova in the first quarter worth $1,720,000.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $176.21 on Friday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $185.50. The firm has a fifty day moving average price of $169.19.

GE Vernova (NYSE:GEVGet Free Report) last issued its earnings results on Thursday, April 25th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The firm had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.56 billion. On average, sell-side analysts forecast that GE Vernova Inc. will post 3.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GEV shares. Citigroup started coverage on shares of GE Vernova in a research note on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price objective on the stock. Redburn Atlantic started coverage on shares of GE Vernova in a research note on Tuesday. They issued a “neutral” rating and a $178.00 price objective on the stock. Daiwa Capital Markets started coverage on shares of GE Vernova in a research note on Friday, June 21st. They issued an “outperform” rating and a $201.50 price objective on the stock. BNP Paribas initiated coverage on shares of GE Vernova in a research note on Wednesday, April 17th. They issued an “outperform” rating and a $177.00 price objective on the stock. Finally, Melius initiated coverage on shares of GE Vernova in a research note on Monday, April 22nd. They set a “hold” rating and a $147.00 price target on the stock. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $172.25.

View Our Latest Report on GEV

GE Vernova Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

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