Legacy Bridge LLC Acquires New Stake in GE Vernova Inc. (NYSE:GEV)

Legacy Bridge LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,206 shares of the company's stock, valued at approximately $1,582,000.

Several other institutional investors have also made changes to their positions in the company. Prospera Financial Services Inc increased its position in shares of GE Vernova by 5.0% during the third quarter. Prospera Financial Services Inc now owns 2,854 shares of the company's stock valued at $729,000 after purchasing an additional 135 shares during the period. OneAscent Financial Services LLC acquired a new position in GE Vernova in the third quarter worth $278,000. Caprock Group LLC raised its position in shares of GE Vernova by 0.4% during the third quarter. Caprock Group LLC now owns 15,652 shares of the company's stock worth $3,991,000 after acquiring an additional 62 shares during the last quarter. Meeder Advisory Services Inc. increased its holdings in GE Vernova by 8.9% in the third quarter. Meeder Advisory Services Inc. now owns 5,075 shares of the company's stock valued at $1,294,000 after purchasing an additional 414 shares during the last quarter. Finally, Taurus Asset Management LLC bought a new stake in GE Vernova in the third quarter valued at about $211,000.

GE Vernova Trading Up 4.2 %

Shares of NYSE GEV traded up $13.62 during mid-day trading on Tuesday, hitting $338.99. 1,116,680 shares of the stock traded hands, compared to its average volume of 3,499,638. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $349.79. The stock has a fifty day moving average price of $275.96 and a 200-day moving average price of $210.43.

Analysts Set New Price Targets

GEV has been the subject of several recent research reports. Morgan Stanley upped their price objective on GE Vernova from $301.00 to $367.00 and gave the stock an "overweight" rating in a research report on Friday. Evercore ISI raised their target price on GE Vernova from $300.00 to $323.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. BMO Capital Markets upped their price objective on GE Vernova from $245.00 to $288.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. 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 report on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price target on GE Vernova from $220.00 to $308.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. 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. According to MarketBeat.com, the company has a consensus 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.