Waverton Investment Management Ltd Has $185.46 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Waverton Investment Management Ltd grew its holdings in GE Vernova Inc. (NYSE:GEV) by 10.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 727,704 shares of the company’s stock after buying an additional 66,455 shares during the quarter. GE Vernova comprises approximately 3.0% of Waverton Investment Management Ltd’s portfolio, making the stock its 16th largest holding. Waverton Investment Management Ltd’s holdings in GE Vernova were worth $185,459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Newport Trust Company LLC acquired a new stake in GE Vernova in the second quarter worth about $650,140,000. Bank of New York Mellon Corp bought a new position in GE Vernova during the second quarter worth about $537,674,000. Price T Rowe Associates Inc. MD bought a new position in GE Vernova during the first quarter worth about $367,474,000. WCM Investment Management LLC boosted its holdings in GE Vernova by 83.1% during the third quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock worth $639,704,000 after buying an additional 1,161,901 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in GE Vernova during the second quarter worth about $399,770,000.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GEV shares. Evercore ISI raised their target price on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada boosted their target price on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Mizuho boosted their target price on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Barclays boosted their target price on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Stock Up 2.4 %

Shares of NYSE GEV opened at $349.44 on Tuesday. The stock’s fifty day moving average price is $260.05 and its two-hundred day moving average price is $202.91. GE Vernova Inc. has a one year low of $115.00 and a one year high of $349.79.

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.