Dudley Capital Management LLC Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Dudley Capital Management LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 984 shares of the company’s stock, valued at approximately $251,000.

A number of other hedge funds have also recently made changes to their positions in the company. Newport Trust Company LLC purchased a new position in GE Vernova during the second quarter worth about $650,140,000. Bank of New York Mellon Corp purchased a new position in shares of GE Vernova during the second quarter worth about $537,674,000. Price T Rowe Associates Inc. MD purchased a new position in shares of GE Vernova during the first quarter worth about $367,474,000. Marshall Wace LLP purchased a new stake in GE Vernova in the second quarter valued at approximately $399,770,000. Finally, Legal & General Group Plc bought a new stake in GE Vernova during the second quarter valued at approximately $293,699,000.

GE Vernova Stock Up 0.1 %

GEV opened at $336.78 on Friday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $340.41. The business has a 50 day simple moving average of $254.36 and a two-hundred day simple moving average of $199.77.

Wall Street Analyst Weigh In

GEV has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price target on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group increased their target price on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Morgan Stanley lifted their price target on GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Bank of America increased 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. Finally, William Blair initiated coverage on GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Seven equities 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $261.40.

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.