Lingohr Asset Management GmbH Buys 200 Shares of GE Vernova Inc. (NYSE:GEV)

Lingohr Asset Management GmbH boosted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,500 shares of the company’s stock after purchasing an additional 200 shares during the quarter. GE Vernova makes up 2.8% of Lingohr Asset Management GmbH’s investment portfolio, making the stock its 4th biggest holding. Lingohr Asset Management GmbH’s holdings in GE Vernova were worth $1,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova in the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of GE Vernova in the second quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova in the 2nd quarter valued at about $25,000. Global Trust Asset Management LLC purchased 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 2nd quarter worth about $27,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley boosted their target price on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday. Guggenheim assumed coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective for the company. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Finally, Evercore ISI upped their target price on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. 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. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $264.55.

GE Vernova Price Performance

GEV opened at $325.31 on Tuesday. The company has a 50-day moving average of $275.96 and a 200-day moving average of $210.43. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year 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.