Advisors Management Group Inc. ADV bought a new position in GE Vernova Inc. (NYSE:GEV – Free Report) in the second quarter, HoldingsChannel.com reports. The firm bought 4,292 shares of the company’s stock, valued at approximately $736,000.
A number of other large investors have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of GE Vernova by 1.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock worth $650,000 after buying an additional 61 shares during the period. Wedmont Private Capital lifted its stake in GE Vernova by 3.2% in the 2nd quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock valued at $638,000 after acquiring an additional 109 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in GE Vernova during the 2nd quarter worth approximately $26,000. Gradient Investments LLC bought a new position in shares of GE Vernova during the 2nd quarter worth approximately $27,000. Finally, Timber Creek Capital Management LLC acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $27,000.
GE Vernova Price Performance
GEV stock traded up $9.64 during midday trading on Friday, reaching $201.00. 3,347,707 shares of the company were exchanged, compared to its average volume of 3,861,742. GE Vernova Inc. has a one year low of $115.00 and a one year high of $201.37. The stock’s 50-day simple moving average is $175.93.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. Citigroup initiated coverage on shares of GE Vernova in a report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 target price for the company. Evercore ISI raised their price objective on GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Redburn Atlantic began coverage on GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 target price on the stock. Daiwa Capital Markets assumed coverage on GE Vernova in a research report on Friday, June 21st. They set an “outperform” rating and a $201.50 price target for the company. Finally, Hsbc Global Res raised GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.83.
Check Out Our Latest Research Report on GE Vernova
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.
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