IHT Wealth Management LLC Buys 76 Shares of GE Vernova Inc. (NYSE:GEV)

IHT Wealth Management LLC increased its stake in GE Vernova Inc. (NYSE:GEV) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,953 shares of the company’s stock after buying an additional 76 shares during the period. IHT Wealth Management LLC’s holdings in GE Vernova were worth $754,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Castleview Partners LLC bought a new position in shares of GE Vernova during the third quarter valued at approximately $28,000. Covestor Ltd increased its stake in shares of GE Vernova by 61.3% during the third quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after purchasing an additional 46 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of GE Vernova during the third quarter valued at approximately $31,000. Planning Capital Management Corp increased its stake in shares of GE Vernova by 1,000.0% during the third quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock valued at $36,000 after purchasing an additional 130 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova during the second quarter valued at approximately $25,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GEV. Morgan Stanley raised their target price on shares of GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. raised their target price on shares of GE Vernova from $330.00 to $356.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Bank of America increased their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets increased their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Guggenheim increased their price target on shares of GE Vernova from $300.00 to $400.00 and gave the company a “buy” rating in a report on Thursday. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.19.

GE Vernova Trading Down 0.5 %

Shares of GE Vernova stock opened at $346.51 on Friday. The company’s fifty day simple moving average is $304.84 and its 200-day simple moving average is $227.17. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $357.09.

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.