Harbour Investments Inc. Acquires 111 Shares of GE Vernova Inc. (NYSE:GEV)

Harbour Investments Inc. lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 5.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,306 shares of the company’s stock after purchasing an additional 111 shares during the quarter. Harbour Investments Inc.’s holdings in GE Vernova were worth $588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GEV. Castleview Partners LLC bought a new position in GE Vernova during the 3rd quarter worth $28,000. Covestor Ltd increased its position in shares of GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after purchasing an additional 46 shares during the period. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova in the second quarter valued at about $25,000. Trifecta Capital Advisors LLC acquired a new position in GE Vernova in the second quarter valued at about $25,000. Finally, Meeder Asset Management Inc. bought a new stake in GE Vernova during the second quarter worth about $25,000.

GE Vernova Stock Performance

NYSE GEV opened at $329.76 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $349.79. The stock has a fifty day simple moving average of $270.87 and a 200 day simple moving average of $207.25.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GEV shares. Oppenheimer assumed coverage on shares of GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating for the company. Truist Financial boosted their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Guggenheim initiated coverage on GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target for the company. Finally, Morgan Stanley raised their price objective on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research note on Friday. 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, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $264.55.

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.