GE Vernova Inc. (NYSE:GEV) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 1,709.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,327 shares of the company’s stock after acquiring an additional 55,103 shares during the quarter. Verition Fund Management LLC’s holdings in GE Vernova were worth $14,872,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Castleview Partners LLC acquired a new position in GE Vernova in the 3rd quarter valued at $28,000. Covestor Ltd grew its position in shares of GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after purchasing an additional 46 shares during the period. Darwin Wealth Management LLC acquired a new position in GE Vernova in the third quarter valued at $31,000. Planning Capital Management Corp increased its stake in GE Vernova by 1,000.0% in the third quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock valued at $36,000 after purchasing an additional 130 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators purchased a new position in GE Vernova during the second quarter worth about $25,000.

GE Vernova Stock Down 0.3 %

GEV opened at $334.29 on Friday. The firm’s 50-day simple moving average is $295.95 and its 200-day simple moving average is $220.59. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $357.09.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GEV shares. Evercore ISI boosted their target price on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Truist Financial boosted their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Oppenheimer started coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating for the company. Wells Fargo & Company assumed coverage on GE Vernova in a report on Thursday, November 21st. They issued an “overweight” rating and a $385.00 target price on the stock. Finally, Jefferies Financial Group boosted their price target on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research report on Friday, October 18th. 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. Based on data from MarketBeat, the stock presently has a consensus 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.