Public Sector Pension Investment Board acquired a new position in shares of GE Vernova Inc. (NYSE:GEV – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 10,496 shares of the company’s stock, valued at approximately $1,800,000.
A number of other hedge funds have also modified their holdings of the business. Newport Trust Company LLC purchased a new position in shares of GE Vernova during the 2nd quarter worth approximately $650,140,000. Bank of New York Mellon Corp purchased a new position in shares of GE Vernova during the 2nd quarter worth approximately $537,674,000. Price T Rowe Associates Inc. MD purchased a new position in shares of GE Vernova during the 1st quarter worth approximately $367,474,000. D1 Capital Partners L.P. increased its stake in shares of GE Vernova by 94.5% during the 2nd quarter. D1 Capital Partners L.P. now owns 1,367,462 shares of the company’s stock worth $234,533,000 after purchasing an additional 664,462 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of GE Vernova during the 2nd quarter worth approximately $217,569,000.
GE Vernova Trading Up 2.1 %
NYSE:GEV opened at $254.99 on Tuesday. The company’s fifty day simple moving average is $198.10. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $258.64.
Wall Street Analysts Forecast Growth
GEV has been the subject of several recent analyst reports. Daiwa Capital Markets initiated coverage on shares of GE Vernova in a research note on Friday, June 21st. They issued an “outperform” rating and a $201.50 target price for the company. Guggenheim initiated coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price for the company. HSBC initiated coverage on shares of GE Vernova in a research note on Monday, August 12th. They issued a “buy” rating and a $215.00 target price for the company. The Goldman Sachs Group lifted their target price on shares of GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Truist Financial started coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a “buy” rating and a $300.00 target price for the company. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $227.48.
Check Out Our Latest Research Report on GEV
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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