Seelaus Asset Management LLC Invests $341,000 in GE Vernova Inc. (NYSE:GEV)

Seelaus Asset Management LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,336 shares of the company’s stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators bought a new stake in shares of GE Vernova during the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova during the 2nd quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in shares of GE Vernova in the 2nd quarter worth $25,000. Global Trust Asset Management LLC bought a new position in shares of GE Vernova during the 2nd quarter worth $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in shares of GE Vernova during the second quarter valued at $27,000.

GE Vernova Price Performance

Shares of NYSE GEV opened at $329.76 on Friday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79. The company’s fifty day moving average price is $273.49 and its 200 day moving average price is $208.44.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GEV shares. Morgan Stanley increased their target price on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday. Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. HSBC reaffirmed a “hold” rating and set a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Oppenheimer assumed coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. Finally, William Blair initiated coverage on shares of GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating for the company. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $264.55.

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.