Prudential PLC acquired a new position in GE Vernova Inc. (NYSE:GEV – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,727 shares of the company’s stock, valued at approximately $639,000.
Other hedge funds also recently modified their holdings of the company. Aspire Private Capital LLC acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $40,000. GAMMA Investing LLC acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $776,000. Sequoia Financial Advisors LLC acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $2,724,000. Parsons Capital Management Inc. RI acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $275,000. Finally, Armstrong Henry H Associates Inc. acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $523,000.
GE Vernova Stock Up 2.9 %
NYSE GEV opened at $215.31 on Friday. The company has a fifty day moving average price of $180.89. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $217.09.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on GEV. Mizuho increased their target price on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. HSBC began coverage on GE Vernova in a report on Monday, August 12th. They issued a “buy” rating and a $215.00 target price for the company. Morgan Stanley reaffirmed an “overweight” rating and set a $220.00 price target on shares of GE Vernova in a report on Monday, August 26th. Citigroup began coverage on GE Vernova in a report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price target for the company. Finally, William Blair began coverage on GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average target price of $196.66.
View Our Latest Research Report on GEV
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.
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