GE Vernova Inc. (NYSE:GEV) Shares Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. increased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 703.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 723 shares of the company’s stock after acquiring an additional 633 shares during the quarter. Rakuten Securities Inc.’s holdings in GE Vernova were worth $184,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pittenger & Anderson Inc. raised its stake in GE Vernova by 28.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock worth $41,000 after acquiring an additional 35 shares in the last quarter. SteelPeak Wealth LLC raised its stake in GE Vernova by 2.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock worth $400,000 after acquiring an additional 38 shares in the last quarter. Global Retirement Partners LLC raised its stake in GE Vernova by 0.9% during the 3rd quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after acquiring an additional 40 shares in the last quarter. Whittier Trust Co. raised its stake in GE Vernova by 1.9% during the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock worth $537,000 after acquiring an additional 40 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its stake in GE Vernova by 30.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock worth $47,000 after acquiring an additional 43 shares in the last quarter.

GE Vernova Price Performance

NYSE:GEV opened at $349.44 on Tuesday. The firm has a 50 day simple moving average of $263.02 and a 200-day simple moving average of $204.33. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $349.79.

Analyst Ratings Changes

GEV has been the topic of several research reports. Barclays raised their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Oppenheimer initiated coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. Bank of America raised their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Jefferies Financial Group raised their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Hsbc Global Res downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $261.40.

GE Vernova Company 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.