Caprock Group LLC Has $3.99 Million Position in GE Vernova Inc. (NYSE:GEV)

Caprock Group LLC increased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 0.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,652 shares of the company’s stock after purchasing an additional 62 shares during the period. Caprock Group LLC’s holdings in GE Vernova were worth $3,991,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GEV. Newport Trust Company LLC bought a new position in GE Vernova in the 2nd quarter worth approximately $650,140,000. Bank of New York Mellon Corp acquired a new stake in shares of GE Vernova in the second quarter worth $537,674,000. Price T Rowe Associates Inc. MD bought a new position in GE Vernova during the first quarter worth $367,474,000. Marshall Wace LLP acquired a new position in GE Vernova during the 2nd quarter valued at $399,770,000. Finally, Legal & General Group Plc bought a new stake in GE Vernova in the 2nd quarter valued at $293,699,000.

Analysts Set New Price Targets

GEV has been the topic of a number of recent research reports. Jefferies Financial Group boosted 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. The Goldman Sachs Group upped their target price on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Royal Bank of Canada raised their price target on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price target for the company. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $264.55.

GE Vernova Stock Up 4.5 %

NYSE:GEV opened at $339.92 on Wednesday. The stock’s 50-day simple moving average is $278.72 and its 200 day simple moving average is $211.66. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $349.79.

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.