Howard Capital Management Group LLC Acquires New Stake in GE Vernova Inc. (NYSE:GEV)

Howard Capital Management Group LLC bought a new position in GE Vernova Inc. (NYSE:GEV) in the third quarter, HoldingsChannel.com reports. The firm bought 836 shares of the company’s stock, valued at approximately $213,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Aspire Private Capital LLC acquired a new position in shares of GE Vernova during the second quarter worth about $40,000. Legal & General Group Plc acquired a new position in GE Vernova during the 2nd quarter worth approximately $293,699,000. Central Pacific Bank Trust Division boosted its position in GE Vernova by 1,242.9% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock worth $599,000 after acquiring an additional 2,175 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of GE Vernova during the 3rd quarter worth approximately $2,042,000. Finally, Czech National Bank raised its holdings in shares of GE Vernova by 7.2% in the third quarter. Czech National Bank now owns 55,980 shares of the company’s stock valued at $14,274,000 after purchasing an additional 3,751 shares during the last quarter.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $272.00 on Friday. The business’s 50 day simple moving average is $223.06 and its 200 day simple moving average is $184.23. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $281.37.

GE Vernova (NYSE:GEV) last announced 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 firm had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. On average, equities analysts predict that GE Vernova Inc. will post 3.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GEV shares. William Blair started coverage on shares of GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Oppenheimer began coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. BMO Capital Markets upped their price objective on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Guggenheim began coverage on GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $243.78.

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.