Holocene Advisors LP Purchases 184,254 Shares of GE Vernova Inc. (NYSE:GEV)

Holocene Advisors LP grew its position in shares of GE Vernova Inc. (NYSE:GEV) by 21.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,044,002 shares of the company’s stock after buying an additional 184,254 shares during the quarter. GE Vernova accounts for 1.1% of Holocene Advisors LP’s portfolio, making the stock its 16th largest position. Holocene Advisors LP’s holdings in GE Vernova were worth $266,200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Castleview Partners LLC bought a new stake in GE Vernova in the 3rd quarter worth about $28,000. Covestor Ltd boosted its holdings in shares of GE Vernova by 61.3% during the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after acquiring an additional 46 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of GE Vernova in the third quarter worth approximately $31,000. Planning Capital Management Corp raised its holdings in shares of GE Vernova by 1,000.0% during the third quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock valued at $36,000 after purchasing an additional 130 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators bought a new position in GE Vernova during the second quarter valued at approximately $25,000.

GE Vernova Stock Up 0.6 %

NYSE GEV opened at $335.98 on Monday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $357.09. The business has a 50-day moving average price of $295.95 and a 200-day moving average price of $221.35.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. The Goldman Sachs Group lifted their target price on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Guggenheim assumed coverage on GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective for the company. Oppenheimer began coverage on GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating on the stock. Jefferies Financial Group boosted their price target on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, 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. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.