Legacy Bridge LLC Invests $1.58 Million in GE Vernova Inc. (NYSE:GEV)

Legacy Bridge LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 6,206 shares of the company’s stock, valued at approximately $1,582,000.

A number of other hedge funds have also recently modified their holdings of GEV. LRI Investments LLC purchased a new position in GE Vernova during the 1st quarter worth approximately $63,000. Price T Rowe Associates Inc. MD acquired a new position in shares of GE Vernova in the 1st quarter valued at $367,474,000. Steadfast Capital Management LP acquired a new position in shares of GE Vernova in the 1st quarter valued at $80,235,000. Kinetic Partners Management LP purchased a new stake in GE Vernova in the 1st quarter valued at $20,854,000. Finally, Yaupon Capital Management LP acquired a new stake in GE Vernova during the 1st quarter worth $10,256,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BMO Capital Markets upped their target price on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. William Blair assumed coverage on GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating for the company. HSBC reiterated a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Royal Bank of Canada upped their price target on GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Seven investment 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $264.55.

GE Vernova Trading Down 1.3 %

GE Vernova stock opened at $325.31 on Tuesday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $349.79. The firm’s 50-day simple moving average is $275.96 and its 200 day simple moving average is $210.43.

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.