2,990 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. purchased a new position in GE Vernova Inc. (NYSE:GEV) 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.