KCM Investment Advisors LLC Makes New Investment in GE Vernova Inc. (NYSE:GEV)

KCM Investment Advisors LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 870 shares of the company’s stock, valued at approximately $222,000.

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

GE Vernova Price Performance

GEV stock opened at $329.76 on Friday. The stock has a 50-day moving average price of $273.49 and a two-hundred day moving average price of $208.82. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $349.79.

Analysts Set New Price Targets

GEV has been the subject of a number of research reports. 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 report on Thursday, October 24th. Evercore ISI lifted their price objective on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. HSBC reiterated a “hold” rating and set a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Mizuho boosted their price target on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Morgan Stanley upped their price objective on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research report on Friday. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $264.55.

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.