Vanderbilt University Acquires Shares of 13,970 GE Vernova Inc. (NYSE:GEV)

Vanderbilt University purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,970 shares of the company's stock, valued at approximately $3,562,000. GE Vernova accounts for about 0.7% of Vanderbilt University's portfolio, making the stock its 29th largest holding.

Several other institutional investors have also modified their holdings of GEV. KP Management LLC increased its position in shares of GE Vernova by 303.0% during the 3rd quarter. KP Management LLC now owns 16,625 shares of the company's stock worth $4,239,000 after purchasing an additional 12,500 shares during the last quarter. Pointe Capital Management LLC acquired a new stake in shares of GE Vernova during the 3rd quarter worth about $277,000. J.W. Cole Advisors Inc. increased its position in shares of GE Vernova by 2.0% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 3,423 shares of the company's stock worth $873,000 after purchasing an additional 67 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of GE Vernova by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 31,925 shares of the company's stock worth $8,140,000 after purchasing an additional 2,120 shares during the last quarter. Finally, Carret Asset Management LLC acquired a new stake in shares of GE Vernova during the 3rd quarter worth about $257,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GEV. Barclays raised their price objective on GE Vernova from $300.00 to $320.00 and gave the stock an "overweight" rating in a research report on Thursday. HSBC reaffirmed a "hold" rating and issued a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Oppenheimer began coverage on GE Vernova in a research report on Thursday, September 26th. They issued a "market perform" rating for the company. Bank of America lifted their target price on GE Vernova from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a research report on Monday, October 21st. They issued a "buy" rating and a $354.00 target price 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $261.40.

GE Vernova Price Performance

GEV stock traded down $4.25 during trading on Monday, hitting $289.29. 2,230,986 shares of the company's stock were exchanged, compared to its average volume of 3,584,496. The business has a 50-day moving average price of $237.21 and a two-hundred day moving average price of $191.71. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $298.81.

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.