Aljian Capital Management LLC Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Aljian Capital Management LLC purchased a new position in GE Vernova Inc. (NYSE:GEV - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,907 shares of the company's stock, valued at approximately $741,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GEV. Deseret Mutual Benefit Administrators purchased a new position in shares of GE Vernova during the second quarter worth about $25,000. Trifecta Capital Advisors LLC bought a new position in shares of GE Vernova in the 2nd quarter worth $25,000. Meeder Asset Management Inc. purchased a new stake in shares of GE Vernova during the 2nd quarter valued at $25,000. Global Trust Asset Management LLC bought a new stake in shares of GE Vernova during the 2nd quarter worth $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in GE Vernova in the second quarter worth $27,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Raymond James lowered GE Vernova from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 2nd. William Blair started coverage on shares of GE Vernova in a research note on Thursday, August 29th. They set an "outperform" rating on the stock. Truist Financial raised their price target on GE Vernova from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on GE Vernova from $220.00 to $308.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Hsbc Global Res cut shares of GE Vernova from a "strong-buy" rating to a "hold" rating in a report on Friday, October 4th. Seven research 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $264.55.

GE Vernova Trading Down 1.3 %

Shares of NYSE GEV traded down $4.45 during mid-day trading on Monday, hitting $325.31. 1,815,664 shares of the stock traded hands, compared to its average volume of 3,514,060. The stock has a fifty day moving average price of $275.96 and a 200-day moving average price of $210.43. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $349.79.

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.