Bremer Bank National Association Takes $222,000 Position in GE Vernova Inc. (NYSE:GEV)

Bremer Bank National Association bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, Holdings Channel reports. The fund bought 1,295 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD bought a new position in GE Vernova during the 1st quarter worth $367,474,000. Steadfast Capital Management LP bought a new position in GE Vernova during the first quarter worth about $80,235,000. Kinetic Partners Management LP acquired a new stake in GE Vernova in the 1st quarter worth about $20,854,000. Artemis Investment Management LLP bought a new stake in GE Vernova in the 2nd quarter valued at about $21,667,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $20,035,000.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GEV shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $180.00 price target on shares of GE Vernova in a research report on Monday, July 22nd. Citigroup began coverage on GE Vernova in a research report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 target price for the company. Bank of America started coverage on GE Vernova in a research report on Wednesday, April 24th. They issued a “neutral” rating and a $150.00 price target on the stock. Daiwa America raised GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of GE Vernova from $195.00 to $216.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $189.83.

GE Vernova Trading Up 2.5 %

Shares of GE Vernova stock traded up $4.51 during midday trading on Wednesday, hitting $184.16. 2,242,363 shares of the company traded hands, compared to its average volume of 4,033,388. The business has a fifty day simple moving average of $171.94. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $185.50.

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.