Mizuho Securities USA LLC Boosts Stake in GE Vernova Inc. (NYSE:GEV)

Mizuho Securities USA LLC increased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 66.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 35,124 shares of the company's stock after acquiring an additional 13,987 shares during the period. Mizuho Securities USA LLC's holdings in GE Vernova were worth $8,956,000 at the end of the most recent quarter.

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

GE Vernova Price Performance

Shares of NYSE GEV traded up $3.72 during mid-day 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 1-year low of $115.00 and a 1-year high of $349.79. The stock has a 50-day moving average of $273.49 and a two-hundred day moving average of $208.82.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GEV shares. Oppenheimer began coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a "market perform" rating on the stock. Raymond James lowered shares of GE Vernova from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 2nd. William Blair assumed coverage on GE Vernova in a research report on Thursday, August 29th. They issued an "outperform" rating for the company. The Goldman Sachs Group upped their target price 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, BMO Capital Markets raised their price target on GE Vernova from $245.00 to $288.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Seven 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $264.55.

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.