GE Vernova Inc. (NYSE:GEV) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can increased its stake in GE Vernova Inc. (NYSE:GEV) by 10.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 445,407 shares of the company’s stock after acquiring an additional 42,234 shares during the period. Bank of Montreal Can’s holdings in GE Vernova were worth $111,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GEV. Newport Trust Company LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth $650,140,000. Bank of New York Mellon Corp bought a new stake in GE Vernova in the second quarter worth about $537,674,000. Marshall Wace LLP acquired a new stake in GE Vernova in the 2nd quarter valued at about $399,770,000. Legal & General Group Plc acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $293,699,000. Finally, Electron Capital Partners LLC raised its holdings in shares of GE Vernova by 1,641.3% in the 2nd quarter. Electron Capital Partners LLC now owns 1,694,296 shares of the company’s stock worth $290,589,000 after purchasing an additional 1,596,996 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages recently weighed in on GEV. Oppenheimer initiated coverage on shares of GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating for the company. Truist Financial raised their price objective on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. HSBC reissued a “hold” rating and issued a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Finally, The Goldman Sachs Group raised their target price on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Seven equities research 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 stock. According to MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $274.16.

GE Vernova Stock Up 3.0 %

Shares of GE Vernova stock opened at $339.00 on Wednesday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $357.09. The stock has a 50 day moving average price of $290.36 and a two-hundred day moving average price of $217.76.

About GE Vernova

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.