Independent Advisor Alliance Purchases 624 Shares of GE Vernova Inc. (NYSE:GEV)

Independent Advisor Alliance lifted its position in GE Vernova Inc. (NYSE:GEV) by 14.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,075 shares of the company’s stock after acquiring an additional 624 shares during the quarter. Independent Advisor Alliance’s holdings in GE Vernova were worth $1,294,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GEV. Waverton Investment Management Ltd raised its holdings 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 worth $185,459,000 after buying an additional 66,455 shares during the period. Hanlon Investment Management Inc. bought a new position in GE Vernova in the 3rd quarter valued at $1,101,000. Atria Investments Inc grew 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 acquiring an additional 2,847 shares during the last quarter. Aspire Private Capital LLC purchased a new stake in GE Vernova in the second quarter worth $40,000. Finally, Fractal Investments LLC bought a new stake in shares of GE Vernova during the third quarter worth $1,530,000.

GE Vernova Price Performance

Shares of GEV opened at $339.00 on Wednesday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $357.09. The company’s fifty day moving average is $290.36 and its two-hundred day moving average is $217.76.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GEV. Evercore ISI raised their price target on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. BMO Capital Markets raised their price objective on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Royal Bank of Canada upped their target price on GE Vernova from $285.00 to $376.00 and gave the stock an “outperform” rating in a report on Monday. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $274.16.

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.