Andrew Hill Investment Advisors Inc. Acquires Shares of 15,491 GE Vernova Inc. (NYSE:GEV)

Andrew Hill Investment Advisors Inc. acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,491 shares of the company’s stock, valued at approximately $2,657,000. GE Vernova makes up about 2.2% of Andrew Hill Investment Advisors Inc.’s investment portfolio, making the stock its 24th largest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova in the second quarter valued at about $26,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova in the first quarter valued at about $30,000. Lynx Investment Advisory acquired a new stake in shares of GE Vernova in the second quarter valued at about $34,000. Rise Advisors LLC acquired a new stake in shares of GE Vernova in the second quarter valued at about $35,000. Finally, Baldwin Brothers LLC MA acquired a new stake in shares of GE Vernova in the second quarter valued at about $38,000.

GE Vernova Stock Performance

Shares of NYSE GEV traded down $2.67 during midday trading on Monday, hitting $176.44. The company’s stock had a trading volume of 1,797,745 shares, compared to its average volume of 4,078,843. The company’s fifty day moving average price is $171.49. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $185.50.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GEV shares. Morgan Stanley upgraded shares of GE Vernova from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $175.00 to $220.00 in a research report on Thursday, August 1st. Evercore ISI raised their price objective on shares of GE Vernova from $174.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Daiwa Capital Markets began coverage on shares of GE Vernova in a research report on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $180.00 price target on shares of GE Vernova in a research report on Monday, July 22nd. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $189.83.

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.