US Bancorp DE raised its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,135 shares of the company's stock after purchasing an additional 6,418 shares during the quarter. US Bancorp DE's holdings in GE Vernova were worth $23,238,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Castleview Partners LLC bought a new position in shares of GE Vernova in the 3rd quarter valued at about $28,000. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova during the 2nd quarter valued at approximately $25,000. Trifecta Capital Advisors LLC purchased a new stake in GE Vernova during the 2nd quarter valued at $25,000. Meeder Asset Management Inc. bought a new stake in GE Vernova in the second quarter worth $25,000. Finally, Global Trust Asset Management LLC purchased a new position in GE Vernova during the second quarter worth $26,000.
Several equities research analysts have recently weighed in on GEV shares. The Goldman Sachs Group increased their target price on shares of GE Vernova from $220.00 to $308.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Hsbc Global Res downgraded shares of GE Vernova from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 4th. Royal Bank of Canada upped their target price on GE Vernova from $262.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Jefferies Financial Group raised their price target on GE Vernova from $293.00 to $336.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Finally, Barclays boosted their price objective on GE Vernova from $300.00 to $320.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and an average price target of $261.40.
Get Our Latest Report on GEV
Shares of GE Vernova stock opened at $301.09 on Friday. The firm's 50 day moving average price is $246.45 and its 200-day moving average price is $195.53. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $311.58.
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.
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