Ferguson Wellman Capital Management Inc. Takes Position in GE Vernova Inc. (NYSE:GEV)

Ferguson Wellman Capital Management Inc. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,990 shares of the company’s stock, valued at approximately $513,000.

Several other large investors have also bought and sold shares of the business. Aspire Private Capital LLC acquired a new stake in GE Vernova during the 2nd quarter worth $40,000. GAMMA Investing LLC bought a new position in GE Vernova during the second quarter worth about $776,000. Armstrong Henry H Associates Inc. acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $523,000. Maryland State Retirement & Pension System bought a new position in shares of GE Vernova in the first quarter valued at about $2,892,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in GE Vernova during the first quarter worth approximately $367,474,000.

GE Vernova Stock Up 1.9 %

NYSE GEV traded up $3.37 on Wednesday, hitting $183.02. 1,814,282 shares of the stock were exchanged, compared to its average volume of 4,028,932. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $185.50. The business has a fifty day moving average price of $171.94.

Analyst Ratings Changes

GEV has been the topic of several recent research reports. Argus initiated coverage on shares of GE Vernova in a report on Thursday, June 13th. They set a “buy” rating and a $190.00 target price on the stock. Melius began coverage on GE Vernova in a report on Monday, April 22nd. They set a “hold” rating and a $147.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $195.00 to $216.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Daiwa Capital Markets started coverage on shares of GE Vernova in a research report on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective for the company. Finally, HSBC began coverage on GE Vernova in a research note on Monday. They set a “buy” rating and a $215.00 price target on the stock. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.83.

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.