Valmark Advisers Inc. Acquires 648 Shares of GE Vernova Inc. (NYSE:GEV)

Valmark Advisers Inc. grew its holdings in GE Vernova Inc. (NYSE:GEV) by 38.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,343 shares of the company’s stock after buying an additional 648 shares during the quarter. Valmark Advisers Inc.’s holdings in GE Vernova were worth $597,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Deseret Mutual Benefit Administrators bought a new stake in GE Vernova in the second quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of GE Vernova in the 2nd quarter worth about $25,000. Meeder Asset Management Inc. bought a new stake in shares of GE Vernova during the 2nd quarter valued at about $25,000. Global Trust Asset Management LLC purchased a new position in shares of GE Vernova during the second quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC bought a new position in GE Vernova in the second quarter worth about $27,000.

Analysts Set New Price Targets

GEV has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their target price on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Truist Financial upped their price target on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group raised their price objective on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Mizuho upped their target price on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Trading Down 0.4 %

NYSE GEV opened at $297.60 on Thursday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $301.53. The stock has a 50-day moving average of $241.78 and a 200 day moving average of $193.61.

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.