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

NCP Inc. raised its stake in GE Vernova Inc. (NYSE:GEV) by 74.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,096 shares of the company’s stock after purchasing an additional 467 shares during the period. NCP Inc.’s holdings in GE Vernova were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Waverton Investment Management Ltd raised its stake in GE Vernova by 10.0% in the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after buying an additional 66,455 shares in the last quarter. Hanlon Investment Management Inc. purchased a new stake in GE Vernova during the third quarter worth approximately $1,101,000. Atria Investments Inc boosted its holdings in GE Vernova by 127.0% in the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after purchasing an additional 2,847 shares in the last quarter. Aspire Private Capital LLC purchased a new position in GE Vernova in the second quarter valued at approximately $40,000. Finally, Fractal Investments LLC acquired a new stake in GE Vernova during the third quarter worth approximately $1,530,000.

GE Vernova Stock Performance

GEV stock opened at $339.00 on Wednesday. The stock’s fifty day simple moving average is $290.36 and its 200-day simple moving average is $217.76. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $357.09.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GEV. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Jefferies Financial Group upped their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. The Goldman Sachs Group lifted their target price on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. HSBC reissued a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Finally, Evercore ISI lifted their price target on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $274.16.

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.