Estabrook Capital Management purchased a new position in GE Vernova Inc. (NYSE:GEV – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,717 shares of the company’s stock, valued at approximately $1,667,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova during the second quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova in the second quarter worth $25,000. Global Trust Asset Management LLC acquired a new position in GE Vernova in the second quarter worth $26,000. Finally, Gradient Investments LLC bought a new stake in GE Vernova during the second quarter valued at $27,000.
GE Vernova Stock Performance
GE Vernova stock opened at $245.46 on Friday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $250.85. The firm’s 50-day moving average is $188.08.
Wall Street Analyst Weigh In
Several research firms have recently commented on GEV. HSBC started coverage on shares of GE Vernova in a report on Monday, August 12th. They issued a “buy” rating and a $215.00 price target for the company. Morgan Stanley lifted their target price on GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Royal Bank of Canada upped their target price on GE Vernova from $192.00 to $246.00 and gave the company an “outperform” rating in a report on Tuesday, September 17th. Redburn Atlantic began coverage on GE Vernova in a report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price target on the stock. Finally, William Blair started coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $219.42.
Check Out Our Latest Analysis on GE Vernova
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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