Dorsey Wright & Associates bought a new position in GE Vernova Inc. (NYSE:GEV – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,049 shares of the company’s stock, valued at approximately $523,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova in the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of GE Vernova in the second quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in shares of GE Vernova in the second quarter worth $25,000. Global Trust Asset Management LLC purchased a new position in shares of GE Vernova during the second quarter valued at $26,000. Finally, Gradient Investments LLC purchased a new position in shares of GE Vernova during the second quarter valued at $27,000.
GE Vernova Stock Performance
NYSE:GEV opened at $249.84 on Friday. The company has a 50 day moving average price of $196.33. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $258.64.
Wall Street Analyst Weigh In
A number of brokerages have commented on GEV. Redburn Atlantic began coverage on GE Vernova in a research report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective for the company. Evercore ISI raised their price target on shares of GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Oppenheimer assumed coverage on shares of GE Vernova in a research report on Thursday. They set a “market perform” rating on the stock. Mizuho increased their target price on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, William Blair began coverage on shares of GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $227.48.
Check Out Our Latest Stock Report on GEV
GE Vernova Company 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.
See Also
- Five stocks we like better than GE Vernova
- What is the Nikkei 225 index?
- Can Costco Stock Hit New Highs as Interest Rates Drop?
- How to Calculate Options Profits
- These 3 Stocks Show How to Navigate Declining Consumer Confidence
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy?
Receive News & Ratings for GE Vernova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Vernova and related companies with MarketBeat.com's FREE daily email newsletter.