WESPAC Advisors SoCal LLC acquired a new position in GE Vernova Inc. (NYSE:GEV - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,819 shares of the company's stock, valued at approximately $719,000.
Other institutional investors have also recently made changes to their positions in the company. Castleview Partners LLC purchased a new stake in GE Vernova in the third quarter valued at about $28,000. Covestor Ltd boosted its holdings in GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company's stock valued at $31,000 after purchasing an additional 46 shares during the period. Planning Capital Management Corp increased its holdings in shares of GE Vernova by 1,000.0% in the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company's stock valued at $36,000 after acquiring an additional 130 shares during the last quarter. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova in the 2nd quarter valued at about $25,000. Finally, Trifecta Capital Advisors LLC purchased a new position in shares of GE Vernova during the second quarter worth about $25,000.
Analyst Upgrades and Downgrades
GEV has been the subject of several research analyst reports. Barclays raised their price objective on GE Vernova from $300.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Bank of America raised their price objective on GE Vernova from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. 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. Hsbc Global Res downgraded GE Vernova from a "strong-buy" rating to a "hold" rating in a report on Friday, October 4th. Finally, William Blair started coverage on shares of GE Vernova in a report on Thursday, August 29th. They set an "outperform" rating for the company. Seven equities research 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $264.55.
Get Our Latest Analysis on GE Vernova
GE Vernova Stock Up 1.1 %
NYSE:GEV traded up $3.72 during trading hours on Friday, reaching $329.76. 2,931,274 shares of the company traded hands, compared to its average volume of 2,865,417. The business's 50-day moving average price is $273.49 and its two-hundred day moving average price is $208.82. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79.
GE Vernova Company 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.
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