Holocene Advisors LP Raises Position in GE Vernova Inc. (NYSE:GEV)

Holocene Advisors LP lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 21.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,044,002 shares of the company’s stock after purchasing an additional 184,254 shares during the period. GE Vernova accounts for about 1.1% of Holocene Advisors LP’s holdings, making the stock its 16th biggest position. Holocene Advisors LP owned approximately 0.38% of GE Vernova worth $266,200,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Deseret Mutual Benefit Administrators purchased a new position in shares of GE Vernova during the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova in the 2nd quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in GE Vernova in the 2nd quarter worth about $25,000. Global Trust Asset Management LLC purchased a new position in GE Vernova during the 2nd quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in shares of GE Vernova during the second quarter valued at about $27,000.

GE Vernova Trading Up 0.6 %

Shares of NYSE:GEV opened at $335.98 on Monday. The stock has a fifty day simple moving average of $295.95 and a two-hundred day simple moving average of $221.35. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $357.09.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GEV. Evercore ISI raised their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group raised their price target on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a report on Friday, October 18th. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Barclays increased their price objective on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, HSBC restated a “hold” rating and set a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $274.16.

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.