Forsta AP Fonden Purchases 6,400 Shares of GE Vernova Inc. (NYSE:GEV)

Forsta AP Fonden increased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 12.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,131 shares of the company's stock after buying an additional 6,400 shares during the quarter. Forsta AP Fonden's holdings in GE Vernova were worth $14,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators bought a new stake in shares of GE Vernova in the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $25,000. Global Trust Asset Management LLC bought a new stake in shares of GE Vernova in the 2nd quarter valued at $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in shares of GE Vernova in the 2nd quarter valued at $27,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of GE Vernova from $256.00 to $301.00 and gave the stock an "overweight" rating in a research note on Thursday. Redburn Atlantic initiated coverage on GE Vernova in a research note on Tuesday, July 2nd. They set a "neutral" rating and a $178.00 target price for the company. Bank of America increased their price target on GE Vernova from $300.00 to $320.00 and gave the stock a "buy" rating in a report on Thursday. Truist Financial increased their target price on shares of GE Vernova from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of GE Vernova in a research note on Monday, October 21st. They issued a "buy" rating and a $354.00 price target for the company. Seven investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $261.40.

GE Vernova Stock Down 1.2 %

Shares of GEV traded down $3.46 during trading hours on Friday, reaching $293.54. 2,087,779 shares of the stock traded hands, compared to its average volume of 2,307,115. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $298.81. The stock has a fifty day simple moving average of $235.14 and a 200 day simple moving average of $190.27.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analysts' expectations of $8.42 billion. Research analysts expect that GE Vernova Inc. will post 2.65 earnings per share for the current fiscal year.

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.