Clarity Capital Partners LLC Buys 72 Shares of GE Vernova Inc. (NYSE:GEV)

Clarity Capital Partners LLC raised its stake in shares of GE Vernova Inc. (NYSE:GEV) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,346 shares of the company’s stock after purchasing an additional 72 shares during the quarter. Clarity Capital Partners LLC’s holdings in GE Vernova were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Newport Trust Company LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth $650,140,000. Bank of New York Mellon Corp bought a new position in shares of GE Vernova during the second quarter valued at approximately $537,674,000. Price T Rowe Associates Inc. MD bought a new position in GE Vernova in the first quarter worth approximately $367,474,000. Marshall Wace LLP bought a new position in shares of GE Vernova during the second quarter valued at approximately $399,770,000. Finally, Legal & General Group Plc purchased a new stake in shares of GE Vernova during the second quarter valued at about $293,699,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Hsbc Global Res downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Evercore ISI raised their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Guggenheim began coverage on shares of GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price for the company. Finally, Jefferies Financial Group upped their price objective on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Price Performance

GE Vernova stock opened at $295.46 on Tuesday. The firm has a 50 day moving average price of $248.71 and a 200-day moving average price of $197.54. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $311.58.

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.