Slocum Gordon & Co LLP acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 3,033 shares of the company’s stock, valued at approximately $520,000.
Other hedge funds have also recently modified their holdings of the company. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova during the second quarter valued at about $25,000. Global Trust Asset Management LLC acquired a new position in GE Vernova in the 2nd quarter worth approximately $26,000. Gradient Investments LLC acquired a new position in GE Vernova in the 2nd quarter worth approximately $27,000. Timber Creek Capital Management LLC acquired a new position in GE Vernova in the 2nd quarter worth approximately $27,000. Finally, Game Plan Financial Advisors LLC acquired a new position in GE Vernova in the 2nd quarter worth approximately $28,000.
GE Vernova Stock Performance
NYSE GEV opened at $200.89 on Friday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $204.19. The business’s fifty day moving average is $177.44.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on GEV. Royal Bank of Canada reiterated an “outperform” rating and issued a $180.00 price target on shares of GE Vernova in a report on Monday, July 22nd. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Redburn Atlantic initiated coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective on the stock. Mizuho raised their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Daiwa Capital Markets initiated coverage on shares of GE Vernova in a research note on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective on the stock. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.28.
Get Our Latest Stock Report on GEV
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.
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