Weiss Asset Management LP acquired a new position in shares of GE Vernova Inc. (NYSE:GEV – Free Report) 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.
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