King Luther Capital Management Corp acquired a new position in shares of GE Vernova Inc. (NYSE:GEV – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,515 shares of the company’s stock, valued at approximately $774,000.
A number of other hedge funds have also recently added to or reduced their stakes in GEV. Bank of New York Mellon Corp bought a new position in shares of GE Vernova in the 2nd quarter worth about $537,674,000. Price T Rowe Associates Inc. MD acquired a new stake in GE Vernova during the first quarter worth about $367,474,000. Assenagon Asset Management S.A. bought a new position in GE Vernova in the second quarter worth about $217,569,000. Dimensional Fund Advisors LP acquired a new position in GE Vernova in the second quarter valued at approximately $176,775,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in GE Vernova in the second quarter valued at approximately $119,390,000.
GE Vernova Trading Up 0.4 %
GE Vernova stock opened at $245.46 on Monday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $250.85. The business has a 50 day simple moving average of $188.08.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on GEV shares. Redburn Atlantic started 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. Citigroup began coverage on GE Vernova in a research note on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 target price on the stock. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Jefferies Financial Group lifted their price objective on shares of GE Vernova from $261.00 to $293.00 and gave the company a “buy” rating in a research report on Friday. Finally, Argus assumed coverage on shares of GE Vernova in a research note on Thursday, June 13th. They set a “buy” rating and a $190.00 target price for the company. Three 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $219.42.
Get 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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