Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,328 shares of the company’s stock, valued at approximately $2,123,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Deseret Mutual Benefit Administrators bought a new position in GE Vernova in the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in GE Vernova in the 2nd quarter worth approximately $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova in the 2nd quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC bought a new position in GE Vernova in the 2nd quarter worth approximately $27,000.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Oppenheimer assumed coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating for the company. William Blair assumed coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating for the company. Truist Financial raised their price target on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Bank of America raised their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average price target of $274.16.
GE Vernova Trading Down 0.4 %
Shares of NYSE:GEV opened at $334.12 on Monday. The company’s fifty day moving average is $295.95 and its 200 day moving average is $221.35. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $357.09.
About GE Vernova
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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