Westfield Capital Management Co. LP Invests $105.35 Million in GE Vernova Inc. (NYSE:GEV)

Westfield Capital Management Co. LP purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 413,169 shares of the company’s stock, valued at approximately $105,350,000.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their target price on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Raymond James cut GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. HSBC reissued a “hold” rating and set a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Finally, BMO Capital Markets raised their price objective on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $270.02.

GE Vernova Stock Performance

Shares of GEV 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 stock’s 50-day moving average price is $286.37 and its two-hundred day moving average price is $215.05.

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.