GE Vernova Inc. (NYSE:GEV) Shares Bought by Covestor Ltd

Covestor Ltd raised its position in GE Vernova Inc. (NYSE:GEV) by 61.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121 shares of the company’s stock after purchasing an additional 46 shares during the quarter. Covestor Ltd’s holdings in GE Vernova were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in GEV. Castleview Partners LLC bought a new position in shares of GE Vernova in the third quarter valued at approximately $28,000. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova in the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC bought a new position in shares of GE Vernova in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new position in shares of GE Vernova in the second quarter valued at approximately $25,000. Finally, Global Trust Asset Management LLC bought a new position in shares of GE Vernova in the second quarter valued at approximately $26,000.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. HSBC reiterated a “hold” rating and issued a $255.00 price objective (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Truist Financial raised their target price on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Evercore ISI raised their target price on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 target price for the company. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $264.55.

GE Vernova Price Performance

Shares of GEV opened at $329.76 on Friday. The company’s 50-day moving average is $270.87 and its 200-day moving average is $207.25. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $349.79.

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.