GE Vernova Inc. (NYSE:GEV) Shares Acquired by Planning Capital Management Corp

Planning Capital Management Corp lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 1,000.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143 shares of the company’s stock after buying an additional 130 shares during the quarter. Planning Capital Management Corp’s holdings in GE Vernova were worth $36,000 as of its most recent SEC filing.

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

GE Vernova Stock Performance

Shares of NYSE GEV opened at $326.04 on Friday. The stock’s fifty day simple moving average is $268.31 and its 200 day simple moving average is $206.42. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $349.79.

Analyst Upgrades and Downgrades

GEV has been the subject of several research analyst reports. William Blair began coverage on GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating for the company. BMO Capital Markets increased their price target on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Morgan Stanley increased their target price on GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Royal Bank of Canada raised their price target on GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial raised their price target on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Seven investment 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 stock. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

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.