First PREMIER Bank purchased a new stake in GE Vernova Inc. (NYSE:GEV – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 965 shares of the company’s stock, valued at approximately $165,000.
Several other hedge funds also recently modified their holdings of the stock. Wedmont Private Capital grew its position in GE Vernova by 3.2% in the 2nd quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock worth $638,000 after purchasing an additional 109 shares in the last quarter. Global Trust Asset Management LLC bought a new position in GE Vernova during the second quarter valued at $26,000. First Community Trust NA bought a new position in GE Vernova during the second quarter valued at $29,000. Lynx Investment Advisory bought a new position in GE Vernova during the second quarter valued at $34,000. Finally, Rise Advisors LLC bought a new position in GE Vernova during the second quarter valued at $35,000.
GE Vernova Stock Up 2.5 %
GEV stock traded up $4.54 during mid-day trading on Thursday, hitting $188.70. 3,477,402 shares of the stock were exchanged, compared to its average volume of 4,027,661. The firm’s fifty day simple moving average is $172.92. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $190.80.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on GEV. Daiwa Capital Markets began coverage on GE Vernova in a report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price target for the company. Melius began coverage on GE Vernova in a report on Monday, April 22nd. They issued a “hold” rating and a $147.00 price target for the company. Raymond James began coverage on GE Vernova in a report on Wednesday, April 17th. They issued an “outperform” rating and a $160.00 price target for the company. Daiwa America raised GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. Finally, Mizuho raised their price target on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $189.83.
View Our Latest Stock Analysis on GE Vernova
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.
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