FSM Wealth Advisors LLC Makes New $436,000 Investment in GE Vernova Inc. (NYSE:GEV)

FSM Wealth Advisors LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,710 shares of the company’s stock, valued at approximately $436,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aspire Private Capital LLC acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $40,000. Legal & General Group Plc bought a new stake in GE Vernova during the second quarter worth approximately $293,699,000. Central Pacific Bank Trust Division grew its position in GE Vernova by 1,242.9% in the third quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock worth $599,000 after buying an additional 2,175 shares during the last quarter. Concourse Financial Group Securities Inc. increased its holdings in shares of GE Vernova by 75.6% in the third quarter. Concourse Financial Group Securities Inc. now owns 4,958 shares of the company’s stock valued at $1,264,000 after buying an additional 2,134 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of GE Vernova during the 3rd quarter valued at $2,042,000.

GE Vernova Price Performance

NYSE:GEV opened at $295.46 on Tuesday. The company’s 50 day moving average is $248.71 and its 200-day moving average is $197.54. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $311.58.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. BMO Capital Markets raised their price objective on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Morgan Stanley boosted their target price on shares of GE Vernova from $256.00 to $301.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price target on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $261.40.

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.