GE Vernova Inc. (NYSE:GEV) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its holdings in GE Vernova Inc. (NYSE:GEV) by 73.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 584 shares of the company’s stock after acquiring an additional 248 shares during the quarter. Venturi Wealth Management LLC’s holdings in GE Vernova were worth $149,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Newport Trust Company LLC bought a new position in shares of GE Vernova in the second quarter valued at $650,140,000. Bank of New York Mellon Corp bought a new position in shares of GE Vernova during the 2nd quarter valued at $537,674,000. Price T Rowe Associates Inc. MD bought a new position in shares of GE Vernova in the first quarter valued at approximately $367,474,000. Marshall Wace LLP acquired a new stake in shares of GE Vernova in the second quarter worth $399,770,000. Finally, Legal & General Group Plc bought a new stake in shares of GE Vernova during the 2nd quarter worth $293,699,000.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $333.32 on Thursday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $349.79. The business has a 50-day moving average price of $265.64 and a two-hundred day moving average price of $205.53.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GEV. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 price target on the stock. William Blair started coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating on the stock. Morgan Stanley raised their price target on shares of GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped 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. Finally, Oppenheimer started coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. Seven investment 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $261.40.

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.