Mizuho Securities USA LLC Has $8.96 Million Position in GE Vernova Inc. (NYSE:GEV)

Mizuho Securities USA LLC raised its holdings in GE Vernova Inc. (NYSE:GEV) by 66.2% in the third quarter, Holdings Channel.com reports. The fund owned 35,124 shares of the company’s stock after acquiring an additional 13,987 shares during the quarter. Mizuho Securities USA LLC’s holdings in GE Vernova were worth $8,956,000 as of its most recent SEC filing.

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

GE Vernova Stock Up 1.1 %

NYSE GEV opened at $329.76 on Friday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $349.79. The stock’s 50 day moving average is $273.49 and its two-hundred day moving average is $208.82.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GEV. Jefferies Financial Group lifted their price target on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. William Blair assumed coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating on the stock. Finally, Guggenheim started coverage on GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and a consensus target price of $264.55.

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.