GE Vernova Inc. (NYSE:GEV) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance raised its position in GE Vernova Inc. (NYSE:GEV) by 14.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,075 shares of the company’s stock after purchasing an additional 624 shares during the period. Independent Advisor Alliance’s holdings in GE Vernova were worth $1,294,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Pittenger & Anderson Inc. boosted its stake in GE Vernova by 28.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock worth $41,000 after buying an additional 35 shares during the last quarter. SteelPeak Wealth LLC lifted its holdings in shares of GE Vernova by 2.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock worth $400,000 after acquiring an additional 38 shares during the period. Global Retirement Partners LLC boosted its position in shares of GE Vernova by 0.9% in the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after acquiring an additional 40 shares during the last quarter. Whittier Trust Co. grew its holdings in GE Vernova by 1.9% in the third quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock valued at $537,000 after purchasing an additional 40 shares during the period. Finally, Rosenberg Matthew Hamilton increased its position in GE Vernova by 30.3% during the third quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock worth $47,000 after purchasing an additional 43 shares during the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the topic of several research reports. Jefferies Financial Group increased their target price on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft assumed coverage on GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective on the stock. Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Wells Fargo & Company started coverage on shares of GE Vernova in a research report on Thursday, November 21st. They set an “overweight” rating and a $385.00 target price for the company. Finally, Royal Bank of Canada lifted their price target on shares of GE Vernova from $285.00 to $376.00 and gave the company an “outperform” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $274.16.

GE Vernova Price Performance

Shares of GEV opened at $339.00 on Wednesday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $357.09. The business’s 50 day simple moving average is $290.36 and its 200-day simple moving average is $217.76.

GE Vernova Company 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.