Aljian Capital Management LLC Buys New Shares in GE Vernova Inc. (NYSE:GEV)

Aljian Capital Management LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,907 shares of the company’s stock, valued at approximately $741,000.

Several other institutional investors have also recently made changes to their positions in the business. Waverton Investment Management Ltd raised its position in shares of GE Vernova by 10.0% during the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after buying an additional 66,455 shares during the last quarter. Hanlon Investment Management Inc. purchased a new stake in shares of GE Vernova in the third quarter worth about $1,101,000. Aspire Private Capital LLC bought a new position in GE Vernova during the second quarter valued at approximately $40,000. Legal & General Group Plc bought a new position in GE Vernova during the second quarter valued at approximately $293,699,000. Finally, Fractal Investments LLC bought a new stake in GE Vernova in the 3rd quarter worth approximately $1,530,000.

GE Vernova Trading Up 1.1 %

GEV opened at $329.76 on Monday. The business’s 50-day moving average is $273.49 and its two-hundred day moving average is $209.23. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Guggenheim began coverage on shares of GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price for the company. William Blair initiated coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Bank of America increased their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price objective 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, Jefferies Financial Group raised their price objective on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Seven investment 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 company’s stock. Based on data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus 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.