GE Vernova Inc. (NYSE:GEV) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR raised its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 5.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 7,650 shares of the company’s stock after acquiring an additional 389 shares during the quarter. Stephens Inc. AR’s holdings in GE Vernova were worth $1,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rosenberg Matthew Hamilton lifted its position in GE Vernova by 30.3% during the third quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock valued at $47,000 after buying an additional 43 shares in the last quarter. US Bancorp DE lifted its position in shares of GE Vernova by 7.6% during the third quarter. US Bancorp DE now owns 91,135 shares of the company’s stock worth $23,238,000 after purchasing an additional 6,418 shares in the last quarter. Catalyst Financial Partners LLC lifted its position in shares of GE Vernova by 8.5% during the third quarter. Catalyst Financial Partners LLC now owns 1,406 shares of the company’s stock worth $359,000 after purchasing an additional 110 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of GE Vernova during the third quarter worth $104,000. Finally, Cornerstone Wealth Group LLC acquired a new position in shares of GE Vernova during the third quarter worth $305,000.

GE Vernova Trading Down 0.2 %

GEV stock opened at $301.09 on Monday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $311.58. The firm has a fifty day moving average price of $246.45 and a two-hundred day moving average price of $196.42.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Truist Financial boosted their target price on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley boosted their target price on shares of GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada lifted their price target on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

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.