Empirical Finance LLC Purchases 196 Shares of GE Vernova Inc. (NYSE:GEV)

Empirical Finance LLC lifted its stake in GE Vernova Inc. (NYSE:GEV) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,579 shares of the company’s stock after acquiring an additional 196 shares during the period. Empirical Finance LLC’s holdings in GE Vernova were worth $2,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new stake in shares of GE Vernova during the 2nd quarter valued at $25,000. Global Trust Asset Management LLC bought a new stake in GE Vernova in the second quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth about $27,000.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $329.76 on Friday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $349.79. The business has a 50 day moving average of $273.49 and a 200-day moving average of $208.44.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GEV shares. William Blair assumed coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Mizuho boosted their price objective on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Jefferies Financial Group lifted their price target on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Truist Financial increased their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $264.55.

About GE Vernova

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.