GAMMA Investing LLC Invests $776,000 in GE Vernova Inc. (NYSE:GEV)

GAMMA Investing LLC acquired a new position in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,526 shares of the company’s stock, valued at approximately $776,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System bought a new position in GE Vernova during the first quarter valued at approximately $2,892,000. Price T Rowe Associates Inc. MD bought a new position in GE Vernova during the first quarter valued at approximately $367,474,000. Anderson Hoagland & Co. bought a new position in GE Vernova during the first quarter valued at approximately $1,720,000. Armstrong Henry H Associates Inc. bought a new position in GE Vernova during the second quarter valued at approximately $523,000. Finally, Nwam LLC bought a new position in GE Vernova during the first quarter valued at approximately $1,531,000.

GE Vernova Stock Down 1.6 %

GEV traded down $2.69 during trading on Monday, hitting $162.04. 2,545,333 shares of the stock were exchanged, compared to its average volume of 4,144,081. The stock has a 50 day moving average price of $172.19. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $185.50.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GEV. JPMorgan Chase & Co. raised their price objective on GE Vernova from $195.00 to $216.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Redburn Atlantic began coverage on GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price objective for the company. Citigroup began coverage on GE Vernova in a research note on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price objective for the company. Mizuho raised their price objective on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Argus assumed coverage on GE Vernova in a research note on Thursday, June 13th. They issued a “buy” rating and a $190.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $188.04.

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.