Soros Capital Management LLC Makes New $13.90 Million Investment in GE Vernova Inc. (NYSE:GEV)

Soros Capital Management LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the third quarter, Holdings Channel.com reports. The fund acquired 54,500 shares of the company’s stock, valued at approximately $13,896,000. GE Vernova makes up approximately 3.3% of Soros Capital Management LLC’s holdings, making the stock its 11th biggest position.

A number of other hedge funds have also recently made changes to their positions in the business. Kozak & Associates Inc. bought a new position in shares of GE Vernova in the first quarter valued at approximately $115,000. LRI Investments LLC bought a new position in GE Vernova during the 1st quarter valued at $63,000. Spear Holdings RSC Ltd bought a new position in GE Vernova during the 1st quarter valued at $8,615,000. Cacti Asset Management LLC bought a new stake in shares of GE Vernova in the 1st quarter worth $798,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of GE Vernova in the 1st quarter worth $165,000.

GE Vernova Stock Up 3.0 %

GE Vernova stock opened at $339.00 on Wednesday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $357.09. The business has a fifty day moving average price of $290.36 and a 200-day moving average price of $217.76.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GEV shares. William Blair initiated coverage on shares of GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating on the stock. Royal Bank of Canada lifted their target price on shares of GE Vernova from $285.00 to $376.00 and gave the stock an “outperform” rating in a research report on Monday. The Goldman Sachs Group upped their target price on GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Oppenheimer began coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. Finally, Bank of America upped their price objective on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $274.16.

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.