1,188 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Caxton Associates LP

Caxton Associates LP purchased a new position in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,188 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Newport Trust Company LLC bought a new position in shares of GE Vernova during the second quarter worth $650,140,000. Bank of New York Mellon Corp purchased a new stake in GE Vernova in the 2nd quarter worth $537,674,000. Price T Rowe Associates Inc. MD bought a new position in shares of GE Vernova during the 1st quarter valued at about $367,474,000. Marshall Wace LLP purchased a new position in shares of GE Vernova during the second quarter valued at about $399,770,000. Finally, Lone Pine Capital LLC bought a new stake in shares of GE Vernova in the second quarter worth about $253,322,000.

GE Vernova Price Performance

Shares of GEV opened at $249.84 on Friday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $258.64. The firm’s 50-day moving average is $196.33.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating 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. Research analysts forecast that GE Vernova Inc. will post 2.83 EPS for the current fiscal year.

Analyst Ratings Changes

GEV has been the subject of a number of research reports. BMO Capital Markets began coverage on GE Vernova in a research note on Friday, September 13th. They set an “outperform” rating and a $245.00 price target for the company. Jefferies Financial Group increased their target price on GE Vernova from $261.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, September 20th. William Blair began coverage on shares of GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating on the stock. Truist Financial assumed coverage on shares of GE Vernova in a research report on Thursday. They set a “buy” rating and a $300.00 price objective for the company. Finally, Evercore ISI boosted their target price on shares of GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average target price of $227.48.

GE Vernova 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.