Arkadios Wealth Advisors Increases Holdings in GE Vernova Inc. (NYSE:GEV)

Arkadios Wealth Advisors increased its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 1,277.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,576 shares of the company's stock after purchasing an additional 17,227 shares during the period. Arkadios Wealth Advisors' holdings in GE Vernova were worth $4,737,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Deseret Mutual Benefit Administrators bought a new position in GE Vernova in the second quarter valued at about $25,000. Trifecta Capital Advisors LLC acquired a new stake in shares of GE Vernova during the second quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in shares of GE Vernova during the second quarter valued at about $25,000. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova during the second quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in shares of GE Vernova during the second quarter valued at about $27,000.

Analyst Ratings Changes

A number of analysts have recently commented on GEV shares. Hsbc Global Res lowered GE Vernova from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 4th. Oppenheimer started coverage on GE Vernova in a research note on Thursday, September 26th. They set a "market perform" rating on the stock. Guggenheim initiated coverage on GE Vernova in a research note on Tuesday, September 24th. They set a "buy" rating and a $300.00 price target on the stock. Jefferies Financial Group lifted their price objective on GE Vernova from $293.00 to $336.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Finally, BMO Capital Markets lifted their price objective on GE Vernova from $245.00 to $288.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $261.40.

GE Vernova Trading Down 1.2 %

Shares of NYSE GEV traded down $3.46 during midday trading on Friday, hitting $293.54. 2,087,779 shares of the stock traded hands, compared to its average volume of 2,307,115. GE Vernova Inc. has a one year low of $115.00 and a one year high of $298.81. The business has a 50 day moving average price of $235.14 and a two-hundred day moving average price of $189.87.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping 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. As a group, equities analysts expect that GE Vernova Inc. will post 2.65 earnings per share for the current fiscal year.

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.