GE Vernova Inc. (NYSE:GEV) Shares Acquired by Swiss National Bank

Swiss National Bank raised its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 813,565 shares of the company's stock after purchasing an additional 2,100 shares during the quarter. Swiss National Bank owned about 0.30% of GE Vernova worth $207,443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $63,000. Price T Rowe Associates Inc. MD acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $367,474,000. Steadfast Capital Management LP acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $80,235,000. Kinetic Partners Management LP acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $20,854,000. Finally, Yaupon Capital Management LP acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $10,256,000.

Wall Street Analysts Forecast Growth

GEV has been the topic of several recent research reports. Oppenheimer initiated coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a "market perform" rating on the stock. William Blair initiated coverage on shares of GE Vernova in a research report on Thursday, August 29th. They issued an "outperform" rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a research report on Monday, October 21st. They issued a "buy" rating and a $354.00 price objective on the stock. Barclays increased their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Finally, HSBC reissued a "hold" rating and issued a $255.00 price objective (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Seven research 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. Based on data from MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and an average target price of $264.55.

GE Vernova Stock Performance

NYSE:GEV traded down $4.45 during mid-day trading on Monday, hitting $325.31. 1,815,664 shares of the company's stock traded hands, compared to its average volume of 3,514,060. The firm's 50 day simple moving average is $273.49 and its 200 day simple moving average is $209.23. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79.

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.