Cornerstone Wealth Group LLC Invests $305,000 in GE Vernova Inc. (NYSE:GEV)

Cornerstone Wealth Group LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,195 shares of the company’s stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEV. Maryland State Retirement & Pension System purchased a new position in GE Vernova during the 1st quarter valued at about $2,892,000. Boit C F David acquired a new position in shares of GE Vernova during the 1st quarter worth approximately $149,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of GE Vernova during the 1st quarter worth approximately $30,000. Nwam LLC purchased a new stake in GE Vernova in the 1st quarter valued at approximately $1,531,000. Finally, LRI Investments LLC purchased a new position in GE Vernova during the first quarter worth $63,000.

GE Vernova Stock Up 1.4 %

Shares of GE Vernova stock opened at $301.69 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $303.71. The company has a fifty day moving average price of $244.09 and a 200 day moving average price of $194.36.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GEV shares. Oppenheimer initiated coverage on GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating on the stock. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective 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. Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Finally, Bank of America boosted their price target on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Seven investment 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 data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.40.

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.