Swiss National Bank Purchases 2,100 Shares of GE Vernova Inc. (NYSE:GEV)

Swiss National Bank lifted its position in GE Vernova Inc. (NYSE:GEV) by 0.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 813,565 shares of the company’s stock after buying an additional 2,100 shares during the period. Swiss National Bank’s holdings in GE Vernova were worth $207,443,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Thrivent Financial for Lutherans grew its stake in GE Vernova by 24.0% in the third quarter. Thrivent Financial for Lutherans now owns 16,908 shares of the company’s stock valued at $4,311,000 after acquiring an additional 3,274 shares during the period. Claro Advisors LLC lifted its holdings in shares of GE Vernova by 22.8% during the 3rd quarter. Claro Advisors LLC now owns 1,465 shares of the company’s stock valued at $374,000 after purchasing an additional 272 shares in the last quarter. Atlanta Consulting Group Advisors LLC acquired a new position in shares of GE Vernova in the 3rd quarter valued at approximately $277,000. Schear Investment Advisers LLC increased its stake in GE Vernova by 36.0% during the 3rd quarter. Schear Investment Advisers LLC now owns 8,511 shares of the company’s stock worth $2,170,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Accredited Investors Inc. raised its holdings in GE Vernova by 2.3% during the 3rd quarter. Accredited Investors Inc. now owns 1,967 shares of the company’s stock worth $502,000 after buying an additional 45 shares during the period.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GEV. HSBC reissued a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Morgan Stanley increased their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial lifted their target price on GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Oppenheimer assumed coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. Finally, Mizuho boosted their price target on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.55.

GE Vernova Trading Up 1.1 %

GEV stock opened at $329.76 on Monday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $349.79. The business’s fifty day moving average price is $273.49 and its two-hundred day moving average price is $209.23.

GE Vernova Company 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.