Plato Investment Management Ltd acquired a new position in GE Vernova Inc. (NYSE:GEV – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 960 shares of the company’s stock, valued at approximately $165,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GEV. WINTON GROUP Ltd purchased a new stake in GE Vernova during the second quarter valued at approximately $21,205,000. Spectrum Wealth Counsel LLC purchased a new stake in shares of GE Vernova during the 2nd quarter valued at $27,000. Schulhoff & Co. Inc. purchased a new stake in shares of GE Vernova during the 2nd quarter valued at $309,000. Williams Financial LLC acquired a new stake in shares of GE Vernova in the 2nd quarter worth $679,000. Finally, J.W. Cole Advisors Inc. purchased a new position in GE Vernova during the 2nd quarter worth $576,000.
GE Vernova Stock Performance
GE Vernova stock opened at $229.93 on Tuesday. The company has a fifty day moving average of $183.00. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $231.51.
Wall Street Analysts Forecast Growth
GEV has been the subject of several recent analyst reports. Hsbc Global Res raised GE Vernova to a “strong-buy” rating in a report on Monday, August 12th. Morgan Stanley lifted 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. The Goldman Sachs Group raised their price target on shares of GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Daiwa Capital Markets initiated coverage on shares of GE Vernova in a report on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective on the stock. Finally, Redburn Atlantic assumed coverage on GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 target price for the company. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.64.
View Our Latest Stock Report on GE Vernova
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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