Catalina Capital Group LLC Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Catalina Capital Group LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, Holdings Channel reports. The firm purchased 792 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Newport Trust Company LLC acquired a new stake in GE Vernova in the 2nd quarter valued at $650,140,000. Bank of New York Mellon Corp bought a new position in shares of GE Vernova in the 2nd quarter valued at about $537,674,000. Price T Rowe Associates Inc. MD bought a new position in shares of GE Vernova in the 1st quarter valued at about $367,474,000. Marshall Wace LLP acquired a new stake in shares of GE Vernova in the second quarter valued at about $399,770,000. Finally, Legal & General Group Plc bought a new stake in GE Vernova during the second quarter worth about $293,699,000.

Wall Street Analyst Weigh In

Several research firms have recently commented on GEV. William Blair assumed coverage on GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating for the company. Truist Financial lifted their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. HSBC reiterated a “hold” rating and issued a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Finally, Morgan Stanley raised their price objective on shares of GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Seven equities 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.40.

GE Vernova Stock Up 0.1 %

Shares of GEV opened at $336.78 on Friday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $340.41. The business has a 50-day simple moving average of $254.36 and a two-hundred day simple moving average of $199.77.

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.