GE Vernova Inc. (NYSE:GEV) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC increased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 5.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 32,881 shares of the company’s stock after purchasing an additional 1,800 shares during the period. Janus Henderson Group PLC’s holdings in GE Vernova were worth $8,380,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Waverton Investment Management Ltd raised its stake in shares of GE Vernova by 10.0% in the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after acquiring an additional 66,455 shares in the last quarter. Hanlon Investment Management Inc. acquired a new stake in GE Vernova in the 3rd quarter valued at about $1,101,000. Atria Investments Inc raised its position in GE Vernova by 127.0% in the 3rd quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after purchasing an additional 2,847 shares in the last quarter. Aspire Private Capital LLC acquired a new position in shares of GE Vernova during the second quarter worth about $40,000. Finally, Fractal Investments LLC acquired a new position in shares of GE Vernova during the third quarter worth about $1,530,000.

GE Vernova Stock Down 0.5 %

GE Vernova stock opened at $346.51 on Monday. The stock has a 50 day moving average of $304.84 and a two-hundred day moving average of $227.62. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $357.09.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GEV shares. Barclays lifted their price target on shares of GE Vernova from $320.00 to $420.00 and gave the stock an “overweight” rating in a research note on Thursday. Morgan Stanley lifted their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Bank of America raised their price target on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price objective on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group raised their target price on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $294.19.

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.