Summit Trail Advisors LLC Buys 459 Shares of GE Vernova Inc. (NYSE:GEV)

Summit Trail Advisors LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 14.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,739 shares of the company’s stock after purchasing an additional 459 shares during the period. Summit Trail Advisors LLC’s holdings in GE Vernova were worth $953,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Castleview Partners LLC bought a new position in shares of GE Vernova during the third quarter worth $28,000. Covestor Ltd lifted its holdings in GE Vernova by 61.3% during the third quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after acquiring an additional 46 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in GE Vernova in the third quarter valued at about $31,000. Planning Capital Management Corp grew its stake in GE Vernova by 1,000.0% in the third quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock valued at $36,000 after acquiring an additional 130 shares during the period. Finally, Deseret Mutual Benefit Administrators bought a new stake in shares of GE Vernova in the second quarter worth about $25,000.

Analyst Upgrades and Downgrades

GEV has been the topic of several recent analyst reports. Guggenheim began coverage on GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective on the stock. Evercore ISI upped their price target on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Royal Bank of Canada boosted their price objective on shares of GE Vernova from $285.00 to $376.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Morgan Stanley increased their target price on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $274.16.

GE Vernova Stock Down 5.8 %

GEV opened at $329.00 on Tuesday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $357.09. The business has a 50 day moving average of $288.35 and a 200-day moving average of $216.55.

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.