Fiduciary Trust Co Acquires 29,155 Shares of GE Vernova Inc. (NYSE:GEV)

Fiduciary Trust Co increased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 322.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,202 shares of the company’s stock after purchasing an additional 29,155 shares during the quarter. Fiduciary Trust Co’s holdings in GE Vernova were worth $9,741,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GEV. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova during the 2nd quarter worth about $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova during the second quarter valued at approximately $25,000. Global Trust Asset Management LLC bought a new stake in GE Vernova in the second quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in GE Vernova in the second quarter worth $27,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of several research analyst reports. Morgan Stanley boosted their price target on shares of GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a report on Friday, November 15th. HSBC restated a “hold” rating and issued a $255.00 price target (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Wells Fargo & Company began coverage on GE Vernova in a report on Thursday, November 21st. They set an “overweight” rating and a $385.00 price objective on the stock. Oppenheimer initiated coverage on GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating for the company. Finally, BMO Capital Markets lifted their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average price target of $274.16.

GE Vernova Trading Down 1.0 %

Shares of GE Vernova stock opened at $335.35 on Thursday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $357.09. The business’s 50 day moving average is $292.35 and its 200-day moving average is $218.58.

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.