E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 408 shares of the company’s stock, valued at approximately $104,000.
Several other hedge funds have also bought and sold shares of GEV. Deseret Mutual Benefit Administrators bought a new stake in GE Vernova during the second quarter worth about $25,000. Trifecta Capital Advisors LLC purchased a new position in GE Vernova in the second quarter worth about $25,000. Meeder Asset Management Inc. purchased a new position in GE Vernova in the second quarter worth about $25,000. Global Trust Asset Management LLC purchased a new position in GE Vernova in the second quarter worth about $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in GE Vernova in the second quarter worth about $27,000.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on GEV shares. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. 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 report on Thursday, October 24th. HSBC reissued a “hold” rating and set a $255.00 price objective (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Finally, Jefferies Financial Group boosted their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a report on Friday, October 18th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.
GE Vernova Trading Down 0.4 %
GEV opened at $297.60 on Thursday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $301.53. The company has a 50 day simple moving average of $241.78 and a two-hundred day simple moving average of $193.61.
About GE Vernova
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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