Certuity LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,750 shares of the company’s stock, valued at approximately $300,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEV. Anderson Hoagland & Co. bought a new stake in shares of GE Vernova in the first quarter worth $1,720,000. Maryland State Retirement & Pension System acquired a new stake in shares of GE Vernova in the first quarter valued at about $2,892,000. Valeo Financial Advisors LLC bought a new position in shares of GE Vernova during the first quarter worth about $673,000. Boit C F David acquired a new position in shares of GE Vernova in the first quarter worth approximately $149,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in GE Vernova in the first quarter valued at approximately $30,000.
GE Vernova Price Performance
NYSE GEV opened at $198.33 on Monday. The company has a fifty day simple moving average of $177.98. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $204.19.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on GEV shares. Citigroup began coverage on shares of GE Vernova in a research report on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price target on the stock. Hsbc Global Res raised shares of GE Vernova to a “strong-buy” rating in a research note on Monday, August 12th. Argus assumed coverage on shares of GE Vernova in a research report on Thursday, June 13th. They set a “buy” rating and a $190.00 price target on the stock. Mizuho lifted their price objective on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group boosted their price objective on GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average target price of $194.28.
Read 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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