4,788 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by L & S Advisors Inc

L & S Advisors Inc purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, HoldingsChannel reports. The fund purchased 4,788 shares of the company’s stock, valued at approximately $1,221,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GEV shares. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Morgan Stanley lifted their target price on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. William Blair started coverage on GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating for the company. Barclays lifted their target price on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $270.02.

GE Vernova Stock Down 0.5 %

NYSE GEV opened at $340.90 on Friday. The business has a 50-day moving average price of $283.91 and a 200-day moving average price of $213.46. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $357.09.

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.