Berkshire Bank Takes $209,000 Position in GE Vernova Inc. (NYSE:GEV)

Berkshire Bank acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,218 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds also recently made changes to their positions in the company. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $26,000. Lynx Investment Advisory acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $34,000. Rise Advisors LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $35,000. Baldwin Brothers LLC MA acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $38,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova during the 1st quarter worth about $30,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Evercore ISI raised their price objective on shares of GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Redburn Atlantic assumed coverage on shares of GE Vernova in a research report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price objective for the company. Citigroup assumed coverage on shares of GE Vernova in a research report on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price objective for the company. Melius assumed coverage on shares of GE Vernova in a research report on Monday, April 22nd. They issued a “hold” rating and a $147.00 price objective for the company. Finally, Daiwa Capital Markets assumed coverage on shares of GE Vernova in a research report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price objective for the company. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $188.04.

GE Vernova Price Performance

GEV stock traded up $1.90 during midday trading on Friday, reaching $179.11. 2,766,628 shares of the company were exchanged, compared to its average volume of 4,103,369. The stock’s 50-day simple moving average is $171.49. GE Vernova Inc. has a one year low of $115.00 and a one year high of $185.50.

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.