GE Vernova Inc. (NYSE:GEV) Stock Position Boosted by Radnor Capital Management LLC

Radnor Capital Management LLC boosted its stake in GE Vernova Inc. (NYSE:GEV) by 3.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,386 shares of the company’s stock after acquiring an additional 552 shares during the quarter. Radnor Capital Management LLC’s holdings in GE Vernova were worth $4,178,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GEV. Newport Trust Company LLC bought a new position in GE Vernova in the 2nd quarter valued at about $650,140,000. Bank of New York Mellon Corp bought a new position in GE Vernova in the 2nd quarter valued at about $537,674,000. Price T Rowe Associates Inc. MD bought a new position in GE Vernova in the 1st quarter valued at about $367,474,000. Marshall Wace LLP bought a new position in shares of GE Vernova during the 2nd quarter valued at about $399,770,000. Finally, Legal & General Group Plc bought a new position in shares of GE Vernova during the 2nd quarter valued at about $293,699,000.

GE Vernova Stock Performance

GEV stock opened at $315.58 on Wednesday. The firm has a 50 day simple moving average of $251.31 and a 200 day simple moving average of $198.81. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $316.45.

Wall Street Analysts Forecast Growth

GEV has been the subject of several research reports. Oppenheimer initiated coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. Jefferies Financial Group raised their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective for the company. HSBC restated a “hold” rating and set a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Finally, Royal Bank of Canada raised their price objective on shares of GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Seven 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $261.40.

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.