2,971 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,971 shares of the company's stock, valued at approximately $758,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pinnacle Financial Partners Inc raised its stake in GE Vernova by 3.1% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 1,750 shares of the company's stock valued at $446,000 after acquiring an additional 52 shares in the last quarter. Souders Financial Advisors acquired a new position in shares of GE Vernova in the 3rd quarter worth $313,000. Aptus Capital Advisors LLC grew its holdings in shares of GE Vernova by 13.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 2,796 shares of the company's stock worth $713,000 after acquiring an additional 327 shares during the last quarter. First Heartland Consultants Inc. purchased a new position in shares of GE Vernova during the third quarter valued at $285,000. Finally, Prime Capital Investment Advisors LLC grew its holdings in shares of GE Vernova by 1.5% during the third quarter. Prime Capital Investment Advisors LLC now owns 8,137 shares of the company's stock valued at $2,075,000 after buying an additional 120 shares in the last quarter.

GE Vernova Price Performance

Shares of NYSE GEV traded up $14.55 during trading hours on Tuesday, hitting $339.92. 2,198,786 shares of the company's stock were exchanged, compared to its average volume of 3,506,230. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $349.79. The company's 50-day moving average price is $275.96 and its 200-day moving average price is $210.43.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Mizuho lifted their price target on GE Vernova from $186.00 to $208.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Jefferies Financial Group lifted their price target on GE Vernova from $293.00 to $336.00 and gave the company a "buy" rating in a report on Friday, October 18th. The Goldman Sachs Group lifted their price target on GE Vernova from $220.00 to $308.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Royal Bank of Canada boosted their target price on GE Vernova from $262.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Bank of America boosted their target price on GE Vernova from $300.00 to $320.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Seven 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 stock. According to MarketBeat, GE Vernova has an average rating of "Moderate Buy" and an average price target 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.