Forte Capital LLC ADV Acquires New Holdings in GE Vernova Inc. (NYSE:GEV)

Forte Capital LLC ADV bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the third quarter, Holdings Channel reports. The firm bought 906 shares of the company’s stock, valued at approximately $231,000.

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

GE Vernova Stock Up 0.1 %

GE Vernova stock opened at $336.78 on Friday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $340.41. The stock has a 50-day simple moving average of $254.36 and a 200 day simple moving average of $199.77.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GEV shares. Royal Bank of Canada increased their price objective on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer initiated coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating on the stock. Morgan Stanley raised their price objective on shares of GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Hsbc Global Res downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Finally, HSBC restated a “hold” rating and issued a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. 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 stock. According to MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average price target 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.