Weiss Asset Management LP Invests $1.70 Million in GE Vernova Inc. (NYSE:GEV)

Weiss Asset Management LP acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,651 shares of the company’s stock, valued at approximately $1,696,000.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC grew its stake in GE Vernova by 2.5% during the third quarter. FMR LLC now owns 24,047,678 shares of the company’s stock worth $6,131,677,000 after purchasing an additional 584,208 shares during the period. State Street Corp grew its stake in GE Vernova by 1.1% during the third quarter. State Street Corp now owns 10,434,917 shares of the company’s stock worth $2,660,695,000 after purchasing an additional 118,184 shares during the period. Mountaineer Partners Management LLC acquired a new stake in GE Vernova during the third quarter worth approximately $2,507,296,000. Newport Trust Company LLC acquired a new stake in GE Vernova during the second quarter worth approximately $650,140,000. Finally, Bank of New York Mellon Corp acquired a new stake in GE Vernova during the second quarter worth approximately $537,674,000.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Raymond James cut GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised their price objective on GE Vernova from $285.00 to $376.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. BMO Capital Markets raised their price objective on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Morgan Stanley raised their price objective on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Evercore ISI raised their price objective on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $294.19.

GE Vernova Trading Down 0.5 %

Shares of GE Vernova stock opened at $346.51 on Friday. The business’s fifty day simple moving average is $304.84 and its 200 day simple moving average is $227.17. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month 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.