B. Metzler seel. Sohn & Co. Holding AG Buys New Holdings in GE Vernova Inc. (NYSE:GEV)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,974 shares of the company's stock, valued at approximately $9,427,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Newport Trust Company LLC purchased a new stake in GE Vernova in the second quarter worth approximately $650,140,000. Bank of New York Mellon Corp purchased a new position in shares of GE Vernova during the 2nd quarter valued at $537,674,000. Price T Rowe Associates Inc. MD purchased a new position in shares of GE Vernova during the 1st quarter valued at $367,474,000. WCM Investment Management LLC increased its holdings in GE Vernova by 83.1% in the 3rd quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company's stock valued at $639,704,000 after acquiring an additional 1,161,901 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in GE Vernova in the 2nd quarter valued at $399,770,000.

GE Vernova Price Performance

GE Vernova stock traded up $2.77 during midday trading on Wednesday, hitting $342.77. The company's stock had a trading volume of 2,583,552 shares, compared to its average volume of 3,500,931. The stock's 50-day moving average price is $281.39 and its 200-day moving average price is $212.57. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $349.79.

Wall Street Analyst Weigh In

GEV has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $285.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Jefferies Financial Group boosted their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Morgan Stanley boosted their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. The Goldman Sachs Group upped their price target 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. Finally, Guggenheim assumed coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They set a "buy" rating and a $300.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $264.55.

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.