First Heartland Consultants Inc. Takes Position in GE Vernova Inc. (NYSE:GEV)

First Heartland Consultants Inc. bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,117 shares of the company’s stock, valued at approximately $285,000.

Several other large investors have also bought and sold shares of the stock. Newport Trust Company LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at about $650,140,000. Bank of New York Mellon Corp bought a new position in shares of GE Vernova during the 2nd quarter worth approximately $537,674,000. Price T Rowe Associates Inc. MD bought a new stake in shares of GE Vernova in the 1st quarter worth approximately $367,474,000. WCM Investment Management LLC raised its holdings in shares of GE Vernova by 83.1% in the 3rd quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock worth $639,704,000 after purchasing an additional 1,161,901 shares during the period. Finally, Marshall Wace LLP purchased a new position in GE Vernova in the 2nd quarter valued at approximately $399,770,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GEV shares. Royal Bank of Canada boosted their price target on shares of GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Bank of America upped their target price on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Truist Financial boosted their price target on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Oppenheimer assumed coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Stock Performance

NYSE:GEV opened at $333.32 on Thursday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $349.79. The stock’s 50-day moving average price is $265.64 and its 200-day moving average price is $205.53.

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.