Hudson Valley Investment Advisors Inc. ADV Invests $228,000 in GE Vernova Inc. (NYSE:GEV)

Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 893 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors also recently bought and sold shares of the company. Castleview Partners LLC purchased a new stake in shares of GE Vernova during the 3rd quarter valued at $28,000. Deseret Mutual Benefit Administrators acquired a new stake in GE Vernova in the second quarter worth about $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of GE Vernova during the second quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in shares of GE Vernova during the second quarter valued at about $25,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of GE Vernova in the 2nd quarter valued at approximately $26,000.

GE Vernova Stock Performance

NYSE:GEV opened at $301.69 on Friday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $303.71. The stock’s 50-day moving average price is $244.09 and its 200-day moving average price is $194.36.

Analyst Upgrades and Downgrades

GEV has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Guggenheim started coverage on GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective for the company. Finally, HSBC reaffirmed a “hold” rating and set a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

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.