Lynx Investment Advisory Acquires Shares of 199 GE Vernova Inc. (NYSE:GEV)

Lynx Investment Advisory purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 199 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd bought a new position in shares of GE Vernova in the first quarter worth $30,000. Rise Advisors LLC purchased a new position in GE Vernova during the 2nd quarter valued at about $35,000. Institutional & Family Asset Management LLC purchased a new stake in shares of GE Vernova in the second quarter worth about $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of GE Vernova in the second quarter valued at approximately $41,000. Finally, City State Bank bought a new position in GE Vernova in the 2nd quarter valued at $47,000.

GE Vernova Stock Up 2.8 %

GEV traded up $4.59 during trading on Wednesday, hitting $168.94. 1,911,888 shares of the stock traded hands, compared to its average volume of 4,117,475. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $185.50. The company has a 50-day moving average price of $171.60.

Wall Street Analyst Weigh In

GEV has been the topic of a number of research analyst reports. Melius began coverage on GE Vernova in a research note on Monday, April 22nd. They issued a “hold” rating and a $147.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of GE Vernova from $195.00 to $216.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Argus initiated coverage on shares of GE Vernova in a research note on Thursday, June 13th. They issued a “buy” rating and a $190.00 price target for the company. Raymond James initiated coverage on shares of GE Vernova in a report on Wednesday, April 17th. They set an “outperform” rating and a $160.00 price objective for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $180.00 target price on shares of GE Vernova in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $188.04.

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.