Tokio Marine Asset Management Co. Ltd. Acquires 322 Shares of GE Vernova Inc. (NYSE:GEV)

Tokio Marine Asset Management Co. Ltd. grew its holdings in GE Vernova Inc. (NYSE:GEV) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,322 shares of the company’s stock after buying an additional 322 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in GE Vernova were worth $2,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deseret Mutual Benefit Administrators bought a new stake in GE Vernova during the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new stake in GE Vernova during the 2nd quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in GE Vernova in the 2nd quarter worth about $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova in the 2nd quarter worth about $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in shares of GE Vernova during the second quarter valued at about $27,000.

GE Vernova Trading Down 2.2 %

Shares of NYSE GEV opened at $326.04 on Friday. The firm’s 50 day moving average price is $268.31 and its 200-day moving average price is $206.42. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $349.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. HSBC reiterated a “hold” rating and issued a $255.00 price objective (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Oppenheimer assumed coverage on shares of GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. William Blair started coverage on GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Finally, Jefferies Financial Group upped their price target on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a report on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $261.40.

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.