GE Vernova Inc. (NYSE:GEV) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 5.6% in the third quarter, HoldingsChannel.com reports. The fund owned 6,999 shares of the company’s stock after buying an additional 371 shares during the quarter. Apollon Wealth Management LLC’s holdings in GE Vernova were worth $1,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova in the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of GE Vernova in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new position in shares of GE Vernova in the second quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new position in shares of GE Vernova in the second quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in shares of GE Vernova in the second quarter valued at approximately $27,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GEV shares. Royal Bank of Canada boosted their price objective on shares of GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a research report on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective for the company. Guggenheim began coverage on shares of GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price for the company. HSBC restated a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Finally, Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Stock Performance

Shares of GEV stock opened at $333.32 on Thursday. The firm has a fifty day simple moving average of $265.64 and a 200-day simple moving average of $205.53. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $349.79.

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.