GE Vernova Inc. (NYSE:GEV) Shares Bought by Jennison Associates LLC

Jennison Associates LLC raised its stake in GE Vernova Inc. (NYSE:GEV) by 20.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,298 shares of the company’s stock after buying an additional 1,733 shares during the period. Jennison Associates LLC’s holdings in GE Vernova were worth $2,626,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova during the second quarter worth $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth $25,000. Meeder Asset Management Inc. purchased a new stake in shares of GE Vernova in the 2nd quarter worth about $25,000. Global Trust Asset Management LLC acquired a new stake in GE Vernova in the 2nd quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in GE Vernova during the 2nd quarter valued at about $27,000.

GE Vernova Stock Up 2.7 %

GE Vernova stock opened at $349.16 on Friday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $357.09. The company has a fifty day moving average price of $286.37 and a two-hundred day moving average price of $215.05.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GEV. HSBC reaffirmed a “hold” rating and issued a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Jefferies Financial Group lifted their price target on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. 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 research note on Thursday, October 24th. Guggenheim started coverage on GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target on the stock. Finally, William Blair began coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $270.02.

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.