Vaughan Nelson Investment Management L.P. acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 170,745 shares of the company's stock, valued at approximately $43,536,000. Vaughan Nelson Investment Management L.P. owned approximately 0.06% of GE Vernova as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in GEV. Newport Trust Company LLC purchased a new stake in shares of GE Vernova in the second quarter valued at $650,140,000. Bank of New York Mellon Corp purchased a new position in GE Vernova during the second quarter worth about $537,674,000. Price T Rowe Associates Inc. MD purchased a new position in GE Vernova during the first quarter worth about $367,474,000. Marshall Wace LLP purchased a new position in GE Vernova during the second quarter worth about $399,770,000. Finally, Legal & General Group Plc purchased a new position in GE Vernova during the second quarter worth about $293,699,000.
Analyst Ratings Changes
Several equities analysts recently weighed in on GEV shares. Bank of America increased their target price on GE Vernova from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Barclays upped their price target on GE Vernova from $300.00 to $320.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a research note on Monday, October 21st. They set a "buy" rating and a $354.00 price target for the company. Jefferies Financial Group raised their price objective on GE Vernova from $293.00 to $336.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group increased their target price on GE Vernova from $220.00 to $308.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $264.55.
Read Our Latest Analysis on GEV
GE Vernova Price Performance
Shares of NYSE GEV traded up $3.72 during trading hours on Friday, hitting $329.76. 2,931,274 shares of the stock were exchanged, compared to its average volume of 2,865,417. The company's 50 day moving average is $273.49 and its 200 day moving average is $208.82. GE Vernova Inc. has a one year low of $115.00 and a one year high of $349.79.
GE Vernova Profile
(
Free Report)
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.
Read More
Before you consider GE Vernova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.
While GE Vernova currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.