Soros Capital Management LLC Acquires New Position in GE Vernova Inc. (NYSE:GEV)

Soros Capital Management LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 54,500 shares of the company’s stock, valued at approximately $13,896,000. GE Vernova comprises about 3.3% of Soros Capital Management LLC’s portfolio, making the stock its 11th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Waverton Investment Management Ltd grew its stake in shares of GE Vernova by 10.0% during the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock worth $185,459,000 after buying an additional 66,455 shares during the last quarter. Hanlon Investment Management Inc. bought a new stake in shares of GE Vernova during the third quarter worth $1,101,000. Atria Investments Inc grew its stake in shares of GE Vernova by 127.0% during the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock worth $1,297,000 after buying an additional 2,847 shares during the last quarter. Aspire Private Capital LLC bought a new stake in shares of GE Vernova during the second quarter worth $40,000. Finally, Fractal Investments LLC bought a new stake in shares of GE Vernova during the third quarter worth $1,530,000.

GE Vernova Stock Up 3.0 %

Shares of GE Vernova stock opened at $339.00 on Wednesday. The business has a 50-day simple moving average of $290.36 and a 200 day simple moving average of $217.76. GE Vernova Inc. has a one year low of $115.00 and a one year high of $357.09.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wells Fargo & Company started coverage on shares of GE Vernova in a research note on Thursday, November 21st. They set an “overweight” rating and a $385.00 target price on the stock. William Blair started coverage on shares of GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating on the stock. The Goldman Sachs Group lifted their price target on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. BMO Capital Markets lifted their price target on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $274.16.

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.