Hazlett Burt & Watson Inc. Boosts Stake in GE Vernova Inc. (NYSE:GEV)

Hazlett Burt & Watson Inc. grew its position in shares of GE Vernova Inc. (NYSE:GEV) by 22.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 459 shares of the company’s stock after purchasing an additional 84 shares during the period. Hazlett Burt & Watson Inc.’s holdings in GE Vernova were worth $117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GEV. Aspire Private Capital LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $40,000. Legal & General Group Plc acquired a new stake in GE Vernova during the second quarter worth approximately $293,699,000. Central Pacific Bank Trust Division lifted its position in shares of GE Vernova by 1,242.9% during the 3rd 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. boosted its holdings in shares of GE Vernova by 75.6% in the 3rd 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 purchased a new position in shares of GE Vernova in the 3rd quarter valued at $2,042,000.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GEV shares. Oppenheimer started coverage on shares of GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating for the company. BMO Capital Markets upped their target price on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Truist Financial lifted their price target on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley increased their price objective on GE Vernova from $256.00 to $301.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, William Blair began coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Seven research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Stock Performance

GEV opened at $295.46 on Tuesday. The stock’s 50 day simple moving average is $248.71 and its 200 day simple moving average is $197.54. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year 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.