DekaBank Deutsche Girozentrale Has $37.53 Million Stock Position in GE Vernova Inc. (NYSE:GEV)

DekaBank Deutsche Girozentrale increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 15.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,508 shares of the company’s stock after acquiring an additional 19,840 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of GE Vernova worth $37,531,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GEV. Newport Trust Company LLC acquired a new position in GE Vernova during the 2nd quarter valued at about $650,140,000. Bank of New York Mellon Corp acquired a new position in GE Vernova in the second quarter valued at approximately $537,674,000. Price T Rowe Associates Inc. MD bought a new position in GE Vernova in the first quarter valued at approximately $367,474,000. Marshall Wace LLP acquired a new stake in GE Vernova during the 2nd quarter worth $399,770,000. Finally, Legal & General Group Plc bought a new stake in shares of GE Vernova during the 2nd quarter valued at $293,699,000.

GE Vernova Stock Down 1.4 %

GE Vernova stock opened at $289.29 on Tuesday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $298.81. The company has a fifty day simple moving average of $237.21 and a 200 day simple moving average of $191.71.

Wall Street Analysts Forecast Growth

GEV has been the topic of several recent research reports. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Bank of America boosted their target price on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. BMO Capital Markets increased their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Redburn Atlantic began coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus target price of $261.40.

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.