Assetmark Inc. Buys 7,132 Shares of GE Vernova Inc. (NYSE:GEV)

Assetmark Inc. boosted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 1,280.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,689 shares of the company's stock after purchasing an additional 7,132 shares during the period. Assetmark Inc.'s holdings in GE Vernova were worth $1,961,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. grew its holdings in GE Vernova by 28.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company's stock worth $41,000 after acquiring an additional 35 shares in the last quarter. SteelPeak Wealth LLC lifted its position in shares of GE Vernova by 2.5% in the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company's stock worth $400,000 after buying an additional 38 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of 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 buying an additional 40 shares during the last quarter. Whittier Trust Co. lifted its position in shares of GE Vernova by 1.9% in the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company's stock worth $537,000 after buying an additional 40 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in shares of GE Vernova by 30.3% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company's stock worth $47,000 after buying an additional 43 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GEV. HSBC restated a "hold" rating and issued a $255.00 price target (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. BMO Capital Markets raised their price target on shares of GE Vernova from $245.00 to $288.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Evercore ISI raised their price target on shares of GE Vernova from $300.00 to $323.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Morgan Stanley raised their price target on shares of GE Vernova from $256.00 to $301.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $285.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $261.40.

GE Vernova Stock Performance

Shares of GEV traded down $7.22 during mid-day trading on Thursday, hitting $326.04. The company's stock had a trading volume of 2,447,658 shares, compared to its average volume of 3,528,406. The firm has a 50-day moving average price of $268.31 and a 200 day moving average price of $206.42. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $349.79.

GE Vernova 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.