Banco Santander S.A. Acquires Shares of 3,736 GE Vernova Inc. (NYSE:GEV)

Banco Santander S.A. bought a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,736 shares of the company's stock, valued at approximately $953,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pittenger & Anderson Inc. lifted its holdings in shares of GE Vernova by 28.0% in the third quarter. Pittenger & Anderson Inc. now owns 160 shares of the company's stock valued at $41,000 after purchasing an additional 35 shares in the last quarter. SteelPeak Wealth LLC raised its position in GE Vernova by 2.5% during the third quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company's stock valued at $400,000 after buying an additional 38 shares during the period. Global Retirement Partners LLC lifted its stake in GE Vernova by 0.9% in the 3rd quarter. Global Retirement Partners LLC now owns 4,507 shares of the company's stock worth $1,149,000 after acquiring an additional 40 shares in the last quarter. Whittier Trust Co. boosted its position in GE Vernova by 1.9% during the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company's stock worth $537,000 after acquiring an additional 40 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in GE Vernova by 30.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company's stock valued at $47,000 after acquiring an additional 43 shares in the last quarter.

Wall Street Analyst Weigh In

GEV has been the subject of several recent research reports. Guggenheim initiated coverage on GE Vernova in a report on Tuesday, September 24th. They set a "buy" rating and a $300.00 price objective for the company. Morgan Stanley boosted their price target on GE Vernova from $301.00 to $367.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a research report on Monday, October 21st. They set a "buy" rating and a $354.00 price objective on the stock. BMO Capital Markets increased their price target on shares of GE Vernova from $245.00 to $288.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Finally, Raymond James lowered shares of GE Vernova from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and an average price target of $270.02.

GE Vernova Stock Up 2.7 %

GEV traded up $9.31 during midday trading on Friday, reaching $349.16. 2,714,644 shares of the company's stock were exchanged, compared to its average volume of 2,707,099. GE Vernova Inc. has a one year low of $115.00 and a one year high of $357.09. The business has a 50-day simple moving average of $286.37 and a two-hundred day simple moving average of $214.71.

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.