Check Capital Management Inc. CA Takes Position in GE Vernova Inc. (NYSE:GEV)

Check Capital Management Inc. CA bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 988 shares of the company’s stock, valued at approximately $252,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova during the second quarter worth $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of GE Vernova in the second quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in GE Vernova during the second quarter valued at approximately $25,000. Global Trust Asset Management LLC purchased a new position in GE Vernova during the 2nd quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in GE Vernova in the 2nd quarter worth approximately $27,000.

GE Vernova Price Performance

NYSE GEV opened at $326.04 on Friday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79. The stock’s fifty day moving average price is $268.31 and its 200 day moving average price is $206.42.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Guggenheim initiated coverage on shares of GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 target price for the company. Bank of America upped their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group raised their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley boosted their target price on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research report on Friday. Seven 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $264.55.

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.