Quantbot Technologies LP Acquires Shares of 6,024 GE Vernova Inc. (NYSE:GEV)

Quantbot Technologies LP acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,024 shares of the company’s stock, valued at approximately $1,536,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEV. Castleview Partners LLC purchased a new stake in shares of GE Vernova during the 3rd quarter worth approximately $28,000. Covestor Ltd increased its stake in shares of GE Vernova by 61.3% during the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after purchasing an additional 46 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of GE Vernova during the 3rd quarter worth approximately $31,000. Planning Capital Management Corp increased its stake in shares of GE Vernova by 1,000.0% during the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock worth $36,000 after purchasing an additional 130 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova during the 2nd quarter worth approximately $25,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of GE Vernova from $285.00 to $376.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. William Blair assumed coverage on shares of GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Hsbc Global Res lowered shares of 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, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $274.16.

GE Vernova Stock Down 0.3 %

NYSE GEV opened at $334.29 on Friday. The company has a fifty day moving average of $295.95 and a 200-day moving average of $220.59. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $357.09.

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.