Schear Investment Advisers LLC Acquires 2,251 Shares of GE Vernova Inc. (NYSE:GEV)

Schear Investment Advisers LLC raised its holdings in GE Vernova Inc. (NYSE:GEV) by 36.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,511 shares of the company’s stock after purchasing an additional 2,251 shares during the quarter. GE Vernova accounts for 1.3% of Schear Investment Advisers LLC’s investment portfolio, making the stock its 20th largest position. Schear Investment Advisers LLC’s holdings in GE Vernova were worth $2,170,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GEV. LRI Investments LLC bought a new position in GE Vernova in the 1st quarter valued at $63,000. Price T Rowe Associates Inc. MD bought a new position in GE Vernova in the 1st quarter valued at $367,474,000. Steadfast Capital Management LP bought a new position in GE Vernova in the 1st quarter valued at $80,235,000. Kinetic Partners Management LP bought a new position in GE Vernova in the 1st quarter valued at $20,854,000. Finally, Yaupon Capital Management LP bought a new position in GE Vernova in the 1st quarter valued at $10,256,000.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Bank of America increased their price target on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Guggenheim assumed coverage on GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target for the company. Barclays increased their price target on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Royal Bank of Canada increased their price target on GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley increased their price target on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research note on Friday. Seven 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $264.55.

GE Vernova Stock Up 1.1 %

NYSE:GEV opened at $329.76 on Friday. The business’s 50-day moving average price is $273.49 and its two-hundred day moving average price is $208.82. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $349.79.

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.