Nwam LLC Makes New $2.84 Million Investment in GE Vernova Inc. (NYSE:GEV)

Nwam LLC bought a new position in GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 11,134 shares of the company’s stock, valued at approximately $2,839,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Castleview Partners LLC purchased a new stake in shares of GE Vernova in the 3rd quarter worth about $28,000. Covestor Ltd lifted its position in shares of GE Vernova by 61.3% in the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after purchasing an additional 46 shares during the period. Darwin Wealth Management LLC purchased a new stake in shares of GE Vernova in the 3rd quarter worth about $31,000. Planning Capital Management Corp lifted its position in shares of GE Vernova by 1,000.0% in the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock worth $36,000 after purchasing an additional 130 shares during the period. Finally, Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova in the 2nd quarter worth about $25,000.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of GE Vernova in a research note on Thursday. They issued an “overweight” rating and a $385.00 price target for the company. Royal Bank of Canada increased their price target on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. William Blair started coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Finally, HSBC reissued a “hold” rating and issued a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Seven investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $270.02.

GE Vernova Trading Up 2.7 %

GE Vernova stock opened at $349.16 on Friday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $357.09. The firm’s 50 day moving average price is $286.37 and its 200-day moving average price is $214.71.

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.