WealthPlan Investment Management LLC Invests $215,000 in GE Vernova Inc. (NYSE:GEV)

WealthPlan Investment Management LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 844 shares of the company’s stock, valued at approximately $215,000.

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

Wall Street Analyst Weigh In

A number of research firms have commented on GEV. Evercore ISI raised their target price on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. William Blair initiated coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Bank of America boosted their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group increased their target price on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Oppenheimer initiated coverage on GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating on the stock. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Trading Down 7.4 %

Shares of GEV opened at $323.51 on Wednesday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $349.79. The stock has a fifty day moving average of $263.02 and a two-hundred day moving average of $204.33.

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.