Ensign Peak Advisors Inc bought a new position in shares of GE Vernova Inc. (NYSE:GEV – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 74,464 shares of the company’s stock, valued at approximately $12,771,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newport Trust Company LLC bought a new stake in shares of GE Vernova in the 2nd quarter valued at about $650,140,000. Bank of New York Mellon Corp acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $537,674,000. Price T Rowe Associates Inc. MD bought a new position in shares of GE Vernova during the 1st quarter worth approximately $367,474,000. Assenagon Asset Management S.A. acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $217,569,000. Finally, Dimensional Fund Advisors LP bought a new stake in GE Vernova in the 2nd quarter valued at $176,775,000.
GE Vernova Stock Up 2.5 %
Shares of NYSE:GEV opened at $251.55 on Tuesday. The firm has a 50 day moving average price of $189.57. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $254.87.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. HSBC began coverage on shares of GE Vernova in a report on Monday, August 12th. They issued a “buy” rating and a $215.00 price objective on the stock. Citigroup assumed coverage on shares of GE Vernova in a research report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price objective for the company. Daiwa America raised GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. BMO Capital Markets began coverage on GE Vernova in a report on Friday, September 13th. They set an “outperform” rating and a $245.00 price target for the company. Finally, Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $300.00 in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average price target of $219.42.
Check Out Our Latest Stock Analysis on GE Vernova
GE Vernova 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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