Kingswood Wealth Advisors LLC Makes New $1.45 Million Investment in GE Vernova Inc. (NYSE:GEV)

Kingswood Wealth Advisors LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, Holdings Channel.com reports. The firm bought 8,474 shares of the company’s stock, valued at approximately $1,453,000.

Several other institutional investors have also recently made changes to their positions in GEV. ANTIPODES PARTNERS Ltd bought a new stake in shares of GE Vernova during the first quarter valued at approximately $30,000. Lynx Investment Advisory purchased a new stake in shares of GE Vernova in the 2nd quarter worth about $34,000. Rise Advisors LLC bought a new position in shares of GE Vernova in the 2nd quarter worth about $35,000. Institutional & Family Asset Management LLC bought a new position in shares of GE Vernova in the 2nd quarter worth about $41,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in GE Vernova in the second quarter worth about $41,000.

Analysts Set New Price Targets

Several research firms have recently issued reports on GEV. The Goldman Sachs Group lifted their target price on shares of GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a report on Friday, July 26th. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Mizuho increased their target price on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Melius initiated coverage on GE Vernova in a report on Monday, April 22nd. They set a “hold” rating and a $147.00 price target for the company. Finally, Evercore ISI increased their price objective on shares of GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $188.04.

GE Vernova Stock Up 1.0 %

GE Vernova stock traded up $1.72 during midday trading on Wednesday, reaching $166.07. 3,311,598 shares of the company traded hands, compared to its average volume of 4,132,856. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $185.50. The company’s 50 day simple moving average is $171.60.

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.