Castleview Partners LLC bought a new position in GE Vernova Inc. (NYSE:GEV – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 108 shares of the company’s stock, valued at approximately $28,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC lifted its position in GE Vernova by 0.9% in the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock valued at $1,149,000 after purchasing an additional 40 shares during the last quarter. First Bancorp Inc ME lifted its position in GE Vernova by 3.1% in the third quarter. First Bancorp Inc ME now owns 1,450 shares of the company’s stock valued at $370,000 after purchasing an additional 44 shares during the last quarter. Miracle Mile Advisors LLC lifted its position in GE Vernova by 1.8% in the third quarter. Miracle Mile Advisors LLC now owns 2,768 shares of the company’s stock valued at $706,000 after purchasing an additional 48 shares during the last quarter. Merrion Investment Management Co LLC lifted its position in GE Vernova by 0.8% in the third quarter. Merrion Investment Management Co LLC now owns 6,250 shares of the company’s stock valued at $1,594,000 after purchasing an additional 50 shares during the last quarter. Finally, Parisi Gray Wealth Management lifted its position in GE Vernova by 3.5% in the third quarter. Parisi Gray Wealth Management now owns 1,492 shares of the company’s stock valued at $380,000 after purchasing an additional 51 shares during the last quarter.
GE Vernova Price Performance
NYSE GEV opened at $276.37 on Wednesday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $281.37. The stock’s fifty day moving average price is $228.87 and its 200-day moving average price is $187.33.
Analysts Set New Price Targets
GEV has been the subject of several recent research reports. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. The Goldman Sachs Group boosted their price objective on GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Barclays upped their target price on GE Vernova from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Royal Bank of Canada restated an “outperform” rating and set a $262.00 target price on shares of GE Vernova in a report on Friday, October 18th. Finally, Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus target price of $251.83.
View Our Latest Stock Report on GEV
About GE Vernova
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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