Meeder Advisory Services Inc. Acquires 414 Shares of GE Vernova Inc. (NYSE:GEV)

Meeder Advisory Services Inc. lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,075 shares of the company’s stock after purchasing an additional 414 shares during the period. Meeder Advisory Services Inc.’s holdings in GE Vernova were worth $1,294,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GEV. Taurus Asset Management LLC bought a new position in shares of GE Vernova during the 3rd quarter worth approximately $211,000. Aljian Capital Management LLC bought a new position in GE Vernova during the third quarter worth $741,000. Swiss National Bank grew its holdings in GE Vernova by 0.3% in the third quarter. Swiss National Bank now owns 813,565 shares of the company’s stock worth $207,443,000 after purchasing an additional 2,100 shares during the period. Thrivent Financial for Lutherans increased 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 purchasing an additional 3,274 shares in the last quarter. Finally, Claro Advisors LLC raised its holdings in shares of GE Vernova by 22.8% during the third quarter. Claro Advisors LLC now owns 1,465 shares of the company’s stock valued at $374,000 after purchasing an additional 272 shares during the period.

GE Vernova Price Performance

NYSE GEV opened at $325.31 on Tuesday. The stock has a 50-day moving average of $275.96 and a 200-day moving average of $210.43. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $349.79.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Bank of America increased their target price on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays boosted their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Evercore ISI raised their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $264.55.

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.