Ashton Thomas Securities LLC Acquires New Position in GE Vernova Inc. (NYSE:GEV)

Ashton Thomas Securities LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the third quarter, HoldingsChannel.com reports. The firm acquired 217 shares of the company’s stock, valued at approximately $55,000.

Several other large investors have also bought and sold shares of the company. Deseret Mutual Benefit Administrators bought a new stake in shares of GE Vernova during the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth $25,000. Meeder Asset Management Inc. purchased a new position in shares of GE Vernova in the second quarter worth $25,000. Global Trust Asset Management LLC bought a new position in shares of GE Vernova during the second quarter valued at $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in shares of GE Vernova during the second quarter valued at $27,000.

GE Vernova Price Performance

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Evercore ISI boosted their target price on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets boosted their price objective on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Jefferies Financial Group raised their target price on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Barclays boosted their target price on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Guggenheim began coverage on GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target on the stock. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

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.