Waverton Investment Management Ltd Buys 66,455 Shares of GE Vernova Inc. (NYSE:GEV)

Waverton Investment Management Ltd grew its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 10.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 727,704 shares of the company's stock after buying an additional 66,455 shares during the period. GE Vernova accounts for 3.0% of Waverton Investment Management Ltd's portfolio, making the stock its 16th biggest position. Waverton Investment Management Ltd owned approximately 0.26% of GE Vernova worth $185,459,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Castleview Partners LLC bought a new stake in GE Vernova in the third quarter worth $28,000. Covestor Ltd boosted its holdings in GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company's stock worth $31,000 after acquiring an additional 46 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new stake in GE Vernova in the second quarter worth $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova in the second quarter worth $25,000. Finally, Meeder Asset Management Inc. bought a new stake in GE Vernova in the second quarter worth $25,000.

Analysts Set New Price Targets

Several equities research analysts have commented on GEV shares. Hsbc Global Res downgraded GE Vernova from a "strong-buy" rating to a "hold" rating in a report on Friday, October 4th. Jefferies Financial Group boosted their target price on GE Vernova from $293.00 to $336.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Guggenheim assumed coverage on GE Vernova in a report on Tuesday, September 24th. They set a "buy" rating and a $300.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a report on Monday, October 21st. They set a "buy" rating and a $354.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their target price on GE Vernova from $285.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $261.40.

GE Vernova Stock Performance

NYSE GEV traded down $25.93 during trading on Tuesday, hitting $323.51. 6,120,352 shares of the stock traded hands, compared to its average volume of 3,538,158. The firm has a 50-day simple moving average of $263.02 and a 200-day simple moving average of $204.33. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month 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.