Axa S.A. Purchases Shares of 20,245 GE Vernova Inc. (NYSE:GEV)

Axa S.A. purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,245 shares of the company’s stock, valued at approximately $3,472,000.

Several other institutional investors also recently modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of GE Vernova by 1.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock valued at $650,000 after buying an additional 61 shares in the last quarter. Wedmont Private Capital increased its holdings in shares of GE Vernova by 3.2% in the second quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock valued at $638,000 after buying an additional 109 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova in the second quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new position in shares of GE Vernova in the second quarter valued at $25,000. Finally, Meeder Asset Management Inc. bought a new position in shares of GE Vernova in the second quarter valued at $25,000.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $249.86 on Monday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $258.64. The stock has a fifty day simple moving average of $196.33.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. As a group, equities analysts anticipate that GE Vernova Inc. will post 2.83 EPS for the current year.

Wall Street Analyst Weigh In

GEV has been the topic of several research reports. Jefferies Financial Group upped their price target on GE Vernova from $261.00 to $293.00 and gave the company a “buy” rating in a report on Friday, September 20th. Royal Bank of Canada boosted their target price on shares of GE Vernova from $192.00 to $246.00 and gave the company an “outperform” rating in a research note on Tuesday, September 17th. Mizuho boosted their target price on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Evercore ISI boosted their target price on shares of GE Vernova from $202.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $216.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given 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 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.