Summit Trail Advisors LLC Has $953,000 Stock Position in GE Vernova Inc. (NYSE:GEV)

Summit Trail Advisors LLC raised its stake in GE Vernova Inc. (NYSE:GEV) by 14.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,739 shares of the company’s stock after acquiring an additional 459 shares during the quarter. Summit Trail Advisors LLC’s holdings in GE Vernova were worth $953,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Waverton Investment Management Ltd increased its stake 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 worth $185,459,000 after purchasing an additional 66,455 shares during the period. Hanlon Investment Management Inc. acquired a new stake in shares of GE Vernova during the third quarter worth $1,101,000. Atria Investments Inc boosted its position in shares of GE Vernova by 127.0% in the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after acquiring an additional 2,847 shares during the period. Aspire Private Capital LLC bought a new stake in shares of GE Vernova in the second quarter valued at about $40,000. Finally, Fractal Investments LLC bought a new position in GE Vernova during the third quarter worth about $1,530,000.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Guggenheim began coverage on GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective on the stock. William Blair assumed coverage on GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group boosted their price target 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, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $274.16.

GE Vernova Stock Performance

Shares of GEV stock opened at $329.00 on Tuesday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $357.09. The stock’s fifty day simple moving average is $288.35 and its 200 day simple moving average is $216.55.

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.