Natixis Advisors LLC Buys 56,907 Shares of GE Vernova Inc. (NYSE:GEV)

Natixis Advisors LLC raised its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 36.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 210,939 shares of the company's stock after buying an additional 56,907 shares during the quarter. Natixis Advisors LLC owned 0.08% of GE Vernova worth $53,786,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEV. Newport Trust Company LLC acquired a new stake in shares of GE Vernova in the second quarter worth $650,140,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova in the 2nd quarter worth $537,674,000. Price T Rowe Associates Inc. MD bought a new position in shares of GE Vernova during the 1st quarter worth about $367,474,000. WCM Investment Management LLC increased its holdings 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 period. Finally, Marshall Wace LLP acquired a new position in shares of GE Vernova during the second quarter valued at about $399,770,000.

GE Vernova Price Performance

GE Vernova stock traded up $3.72 during mid-day trading on Friday, hitting $329.76. The stock had a trading volume of 2,931,274 shares, compared to its average volume of 2,865,417. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $349.79. The stock has a 50-day simple moving average of $273.49 and a two-hundred day simple moving average of $208.82.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GEV. Mizuho boosted their price target on GE Vernova from $186.00 to $208.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $285.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Raymond James lowered GE Vernova from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 2nd. HSBC restated a "hold" rating and set a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Finally, BMO Capital Markets upped their price target on GE Vernova from $245.00 to $288.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Seven 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $264.55.

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.