Elo Mutual Pension Insurance Co acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,483 shares of the company’s stock, valued at approximately $4,028,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova in the second quarter valued at $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova during the second quarter worth $25,000. Global Trust Asset Management LLC bought a new position in shares of GE Vernova during the second quarter valued at $26,000. Finally, Gradient Investments LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at $27,000.
GE Vernova Stock Performance
GE Vernova stock opened at $235.63 on Thursday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $241.52. The company’s 50-day simple moving average is $185.43.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Bank of America raised shares of GE Vernova from a “neutral” rating to a “buy” rating and lifted their price target for the company from $200.00 to $300.00 in a report on Tuesday. Jefferies Financial Group began coverage on shares of GE Vernova in a research note on Wednesday, September 4th. They issued a “buy” rating and a $261.00 target price for the company. Barclays began coverage on GE Vernova in a research report on Monday. They set an “overweight” rating and a $250.00 price target on the stock. William Blair started coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group boosted their price objective on GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $217.64.
Get Our Latest Analysis on GE Vernova
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.
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