Anchor Investment Management LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,898 shares of the company’s stock, valued at approximately $326,000.
Several other large investors also recently modified their holdings of the business. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova in the second quarter worth about $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova during the 2nd quarter valued at approximately $26,000. Finally, Gradient Investments LLC bought a new position in GE Vernova during the second quarter worth $27,000.
GE Vernova Stock Up 4.3 %
Shares of GEV opened at $265.59 on Friday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $266.42. The stock has a 50-day moving average price of $205.35.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on GEV shares. JPMorgan Chase & Co. increased their target price on GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Daiwa Capital Markets began coverage on shares of GE Vernova in a report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price objective on the stock. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday. Barclays raised their price target on shares of GE Vernova from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Bank of America raised 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, September 17th. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $234.98.
Get Our Latest Research Report on GEV
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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