Oppenheimer Asset Management Inc. Purchases New Stake in GE Vernova Inc. (NYSE:GEV)

Oppenheimer Asset Management Inc. purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 2,971 shares of the company’s stock, valued at approximately $758,000.

Other hedge funds have also recently bought and sold shares of the company. Waverton Investment Management Ltd raised its holdings in GE Vernova by 10.0% in the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after buying an additional 66,455 shares during the period. Hanlon Investment Management Inc. purchased a new position in GE Vernova in the third quarter valued at approximately $1,101,000. Atria Investments Inc grew its position in GE Vernova by 127.0% in the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after acquiring an additional 2,847 shares in the last quarter. Aspire Private Capital LLC acquired a new stake in GE Vernova in the second quarter valued at approximately $40,000. Finally, Legal & General Group Plc acquired a new stake in GE Vernova in the second quarter valued at approximately $293,699,000.

GE Vernova Trading Down 1.3 %

GEV stock opened at $325.31 on Tuesday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79. The stock’s fifty day moving average is $275.96 and its two-hundred day moving average is $210.43.

Analyst Ratings Changes

Several brokerages have issued reports on GEV. Truist Financial increased 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. Bank of America increased their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a research report on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective for the company. Evercore ISI increased 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. Finally, BMO Capital Markets increased their price objective on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price 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.