GE Vernova Inc. (NYSE:GEV) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 16.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,389 shares of the company’s stock after purchasing an additional 5,472 shares during the period. Janney Montgomery Scott LLC’s holdings in GE Vernova were worth $9,789,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aspire Private Capital LLC acquired a new stake in shares of GE Vernova during the second quarter worth about $40,000. Legal & General Group Plc acquired a new stake in GE Vernova during the 2nd quarter worth approximately $293,699,000. Central Pacific Bank Trust Division grew its stake in shares of GE Vernova by 1,242.9% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock valued at $599,000 after purchasing an additional 2,175 shares during the last quarter. Concourse Financial Group Securities Inc. increased its holdings in shares of GE Vernova by 75.6% in the third quarter. Concourse Financial Group Securities Inc. now owns 4,958 shares of the company’s stock valued at $1,264,000 after purchasing an additional 2,134 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in shares of GE Vernova during the third quarter worth approximately $2,042,000.

GE Vernova Trading Up 0.1 %

GE Vernova stock opened at $336.78 on Friday. The stock has a 50 day moving average of $254.36 and a 200-day moving average of $199.77. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $340.41.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Evercore ISI boosted 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. BMO Capital Markets boosted their price target on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada lifted their price objective on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price target on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Raymond James cut GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Seven 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

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.