Avior Wealth Management LLC Acquires 89 Shares of GE Vernova Inc. (NYSE:GEV)

Avior Wealth Management LLC boosted its holdings in GE Vernova Inc. (NYSE:GEV) by 3.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,423 shares of the company’s stock after purchasing an additional 89 shares during the quarter. Avior Wealth Management LLC’s holdings in GE Vernova were worth $618,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in shares of GE Vernova in the first quarter worth approximately $63,000. Price T Rowe Associates Inc. MD bought a new stake in GE Vernova during the first quarter worth $367,474,000. Steadfast Capital Management LP purchased a new stake in GE Vernova in the 1st quarter valued at $80,235,000. Kinetic Partners Management LP bought a new position in GE Vernova during the 1st quarter valued at $20,854,000. Finally, Yaupon Capital Management LP purchased a new position in GE Vernova during the 1st quarter worth $10,256,000.

GE Vernova Price Performance

Shares of GEV stock opened at $340.90 on Friday. The company’s fifty day simple moving average is $283.91 and its two-hundred day simple moving average is $213.46. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $357.09.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Guggenheim began coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target on the stock. BMO Capital Markets boosted their target price on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. William Blair began coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group raised their target price on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average price target of $270.02.

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.