Capital Advisors Inc. OK Acquires 4,238 Shares of GE Vernova Inc. (NYSE:GEV)

Capital Advisors Inc. OK grew its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 2.0% during the third quarter, HoldingsChannel.com reports. The firm owned 212,381 shares of the company’s stock after acquiring an additional 4,238 shares during the quarter. Capital Advisors Inc. OK’s holdings in GE Vernova were worth $54,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GEV. Deseret Mutual Benefit Administrators bought a new position in GE Vernova in the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in shares of GE Vernova in the 2nd quarter valued at $25,000. Global Trust Asset Management LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in shares of GE Vernova during the 2nd quarter worth $27,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GEV shares. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Mizuho increased their price target on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Morgan Stanley boosted their price objective on GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 price target on the stock. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Stock Down 0.2 %

GEV opened at $301.09 on Friday. The company has a fifty day moving average price of $246.45 and a two-hundred day moving average price of $195.53. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $311.58.

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.