Ferguson Wellman Capital Management Inc. purchased a new position in GE Vernova Inc. (NYSE:GEV – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,990 shares of the company’s stock, valued at approximately $513,000.
Several other hedge funds have also bought and sold shares of the stock. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova in the 2nd quarter worth $26,000. First Community Trust NA acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $29,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova during the 1st quarter worth about $30,000. Lynx Investment Advisory acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $34,000. Finally, Rise Advisors LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $35,000.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $180.00 target price on shares of GE Vernova in a report on Monday, July 22nd. Mizuho raised their target price on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Raymond James initiated coverage on GE Vernova in a research note on Wednesday, April 17th. They issued an “outperform” rating and a $160.00 price objective for the company. Morgan Stanley upgraded GE Vernova from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $175.00 to $220.00 in a research note on Thursday, August 1st. Finally, Melius initiated coverage on GE Vernova in a research note on Monday, April 22nd. They issued a “hold” rating and a $147.00 price objective for the company. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $189.83.
GE Vernova Stock Performance
GE Vernova stock traded up $3.37 during trading hours on Wednesday, hitting $183.02. The stock had a trading volume of 1,814,282 shares, compared to its average volume of 4,028,932. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $185.50. The firm has a fifty day simple moving average of $171.94.
GE Vernova 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.
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