Eastern Bank bought a new stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,401 shares of the company’s stock, valued at approximately $612,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Castleview Partners LLC acquired a new position in GE Vernova during the 3rd quarter valued at approximately $28,000. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova during the second quarter valued at $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of GE Vernova during the second quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in shares of GE Vernova during the second quarter worth about $25,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $26,000.
GE Vernova Stock Performance
Shares of NYSE GEV opened at $279.83 on Thursday. The stock’s fifty day simple moving average is $230.78 and its 200 day simple moving average is $187.97. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $282.97.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on GEV. Redburn Atlantic began coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 target price for the company. Evercore ISI boosted their price objective on GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. William Blair assumed coverage on GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating for the company. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and lifted their target price for the company from $200.00 to $300.00 in a research note on Tuesday, September 17th. Finally, Truist Financial assumed coverage on GE Vernova in a research note on Thursday, September 26th. They issued a “buy” rating and a $300.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus target price of $251.83.
Check Out Our Latest Stock Analysis on GEV
GE Vernova Company 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.
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