Schear Investment Advisers LLC Purchases 2,251 Shares of GE Vernova Inc. (NYSE:GEV)

Schear Investment Advisers LLC raised its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 36.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,511 shares of the company's stock after acquiring an additional 2,251 shares during the period. GE Vernova comprises 1.3% of Schear Investment Advisers LLC's holdings, making the stock its 20th biggest holding. Schear Investment Advisers LLC's holdings in GE Vernova were worth $2,170,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators bought a new position in GE Vernova during the second quarter worth $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova during the 2nd quarter valued at $25,000. Meeder Asset Management Inc. purchased a new position in GE Vernova during the 2nd quarter valued at about $25,000. Global Trust Asset Management LLC bought a new stake in shares of GE Vernova during the 2nd quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in GE Vernova during the second quarter valued at about $27,000.

GE Vernova Stock Performance

Shares of NYSE:GEV traded up $3.72 during trading on Friday, reaching $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 52 week low of $115.00 and a 52 week high of $349.79. The business's 50-day moving average price is $273.49 and its 200 day moving average price is $208.82.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GEV shares. Bank of America increased their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Raymond James lowered shares of GE Vernova from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 2nd. Truist Financial raised their price target on shares of GE Vernova from $300.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on GE Vernova from $285.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Finally, Barclays upped their price target on shares of GE Vernova from $300.00 to $320.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and a consensus 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.