Front Street Capital Management Inc. purchased a new position in GE Vernova Inc. (NYSE:GEV – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 65,507 shares of the company’s stock, valued at approximately $11,235,000. GE Vernova accounts for approximately 2.2% of Front Street Capital Management Inc.’s holdings, making the stock its 14th biggest position.
Other institutional investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators purchased a new position in shares of GE Vernova during the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC acquired a new stake in GE Vernova in the 2nd quarter worth about $25,000. Meeder Asset Management Inc. acquired a new stake in GE Vernova in the 2nd quarter worth about $25,000. Global Trust Asset Management LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $26,000. Finally, Gradient Investments LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $27,000.
GE Vernova Stock Up 2.5 %
GE Vernova stock opened at $251.55 on Tuesday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $254.87. The stock’s 50 day moving average is $189.57.
Analyst Upgrades and Downgrades
Several analysts have recently commented 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 research report on Tuesday, September 17th. Evercore ISI boosted their target price on GE Vernova from $202.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. BMO Capital Markets started coverage on GE Vernova in a research report on Friday, September 13th. They set an “outperform” rating and a $245.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Finally, Morgan Stanley boosted their target price on shares of GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $219.42.
Read Our Latest Stock 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.
See Also
- Five stocks we like better than GE Vernova
- EV Stocks and How to Profit from Them
- 4 Reasons GlobalFoundries Could Be a Big Winner After Recent Lows
- 5 Top Rated Dividend Stocks to Consider
- The Average 401k Balance by Age Explained
- How to Use High Beta Stocks to Maximize Your Investing Profits
- 3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI
Receive News & Ratings for GE Vernova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Vernova and related companies with MarketBeat.com's FREE daily email newsletter.