GE Vernova Inc. (NYSE:GEV) Shares Purchased by Atria Investments Inc

Atria Investments Inc grew its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 127.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,088 shares of the company's stock after purchasing an additional 2,847 shares during the quarter. Atria Investments Inc's holdings in GE Vernova were worth $1,297,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hanlon Investment Management Inc. purchased a new stake in GE Vernova during the 3rd quarter worth about $1,101,000. Aspire Private Capital LLC purchased a new stake in GE Vernova during the second quarter worth approximately $40,000. Legal & General Group Plc acquired a new position in GE Vernova in the second quarter valued at approximately $293,699,000. Fractal Investments LLC purchased a new position in GE Vernova in the third quarter valued at approximately $1,530,000. Finally, Assetmark Inc. raised its holdings in GE Vernova by 1,280.4% during the third quarter. Assetmark Inc. now owns 7,689 shares of the company's stock worth $1,961,000 after purchasing an additional 7,132 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of GE Vernova from $245.00 to $288.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Jefferies Financial Group lifted their target price on GE Vernova from $293.00 to $336.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Bank of America upped their target price on GE Vernova from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Barclays lifted their price target on GE Vernova from $300.00 to $320.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Finally, Truist Financial increased their price objective on GE Vernova from $300.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus target price of $264.55.

GE Vernova Price Performance

GE Vernova stock traded up $3.72 during midday trading on Friday, reaching $329.76. The company's stock had a trading volume of 2,931,274 shares, compared to its average volume of 2,865,417. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $349.79. The stock's 50 day simple moving average is $273.49 and its 200 day simple moving average is $208.82.

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.