Arizona State Retirement System bought a new stake in GE Vernova Inc. (NYSE:GEV – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 79,459 shares of the company’s stock, valued at approximately $13,628,000.
A number of other institutional investors also recently added to or reduced their stakes in GEV. Victory Capital Management Inc. purchased a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $15,866,000. Denver PWM LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth about $75,000. ANTIPODES PARTNERS Ltd raised its position in shares of GE Vernova by 40,057.8% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 93,166 shares of the company’s stock worth $15,979,000 after acquiring an additional 92,934 shares in the last quarter. TD Capital Management LLC purchased a new stake in GE Vernova during the second quarter worth approximately $52,000. Finally, BBR Partners LLC purchased a new stake in shares of GE Vernova during the 2nd quarter worth approximately $335,000.
GE Vernova Price Performance
GEV stock opened at $198.47 on Friday. The firm’s 50 day moving average is $177.98. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $204.19.
Analyst Ratings Changes
A number of research firms recently commented on GEV. Citigroup initiated coverage on shares of GE Vernova in a research report on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 target price on the stock. Mizuho lifted their target price on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Evercore ISI boosted their target price on GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Redburn Atlantic started coverage on GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price target on the stock. Finally, Argus started coverage on GE Vernova in a research note on Thursday, June 13th. They issued a “buy” rating and a $190.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $194.28.
View 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.
Featured Stories
- Five stocks we like better than GE Vernova
- How Technical Indicators Can Help You Find Oversold Stocks
- Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?
- Are Penny Stocks a Good Fit for Your Portfolio?
- Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors
- How to Calculate Options Profits
- Why Analysts See Big Upside for Occidental Petroleum Despite Lows
Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV – Free Report).
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.