Moller Wealth Partners purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 908 shares of the company’s stock, valued at approximately $232,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Miracle Mile Advisors LLC boosted its stake in GE Vernova by 1.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,768 shares of the company’s stock valued at $706,000 after purchasing an additional 48 shares during the period. Parisi Gray Wealth Management grew its stake in shares of GE Vernova by 3.5% in the third quarter. Parisi Gray Wealth Management now owns 1,492 shares of the company’s stock worth $380,000 after acquiring an additional 51 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in GE Vernova by 1.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock worth $650,000 after acquiring an additional 61 shares during the period. Stonehearth Capital Management LLC raised its stake in GE Vernova by 6.1% during the 3rd quarter. Stonehearth Capital Management LLC now owns 1,474 shares of the company’s stock valued at $376,000 after purchasing an additional 85 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in GE Vernova by 9.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,094 shares of the company’s stock worth $279,000 after purchasing an additional 95 shares during the last quarter.
GE Vernova Trading Down 0.4 %
Shares of GEV stock traded down $0.94 during trading hours on Thursday, reaching $265.66. 834,482 shares of the company were exchanged, compared to its average volume of 3,673,476. The business has a fifty day moving average price of $210.95. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $269.30.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on GEV shares. Guggenheim initiated coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective for the company. Oppenheimer started coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. Mizuho upped their target price on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Daiwa Capital Markets assumed coverage on shares of GE Vernova in a report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price target on the stock. Finally, BMO Capital Markets initiated coverage on shares of GE Vernova in a report on Friday, September 13th. They set an “outperform” rating and a $245.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.63.
Check Out Our Latest Analysis on GEV
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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