GE Vernova Inc. (NYSE:GEV) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in GE Vernova Inc. (NYSE:GEV) by 16.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,389 shares of the company’s stock after buying an additional 5,472 shares during the quarter. Janney Montgomery Scott LLC’s holdings in GE Vernova were worth $9,789,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GEV. Nwam LLC acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $1,531,000. LRI Investments LLC acquired a new position in GE Vernova during the first quarter worth $63,000. Price T Rowe Associates Inc. MD purchased a new position in shares of GE Vernova during the first quarter worth $367,474,000. Steadfast Capital Management LP acquired a new stake in shares of GE Vernova in the first quarter valued at $80,235,000. Finally, Kinetic Partners Management LP purchased a new stake in shares of GE Vernova in the 1st quarter valued at $20,854,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GEV shares. Evercore ISI raised their target price on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Guggenheim began coverage on shares of GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective for the company. Morgan Stanley increased their target price on shares of GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. increased their price objective on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Stock Performance

NYSE GEV opened at $336.78 on Friday. The company has a fifty day moving average of $254.36 and a two-hundred day moving average of $199.77. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $340.41.

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.