Associated Banc Corp Has $663,000 Holdings in GE Vernova Inc. (NYSE:GEV)

Associated Banc Corp boosted its stake in GE Vernova Inc. (NYSE:GEV) by 80.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,601 shares of the company’s stock after purchasing an additional 1,158 shares during the quarter. Associated Banc Corp’s holdings in GE Vernova were worth $663,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. increased 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 purchasing an additional 35 shares in the last quarter. SteelPeak Wealth LLC boosted its holdings in shares of GE Vernova by 2.5% in the third quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after buying an additional 38 shares during the period. Global Retirement Partners LLC increased its position in shares of GE Vernova by 0.9% during the third 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 holdings in shares of GE Vernova by 1.9% during the third quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock worth $537,000 after acquiring an additional 40 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its position in GE Vernova by 30.3% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock valued at $47,000 after acquiring an additional 43 shares in the last quarter.

GE Vernova Stock Down 5.8 %

GEV stock opened at $329.00 on Tuesday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $357.09. The business has a 50-day simple moving average of $288.35 and a 200 day simple moving average of $216.55.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Raymond James cut GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Barclays upped their price objective on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Evercore ISI lifted their target price on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. HSBC reaffirmed a “hold” rating and set a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Finally, Bank of America lifted their price objective 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. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, GE Vernova has an average rating of “Moderate Buy” and a consensus target price of $274.16.

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.