GE Vernova Inc. (NYSE:GEV) Shares Bought by Rakuten Securities Inc.

Rakuten Securities Inc. raised its holdings in GE Vernova Inc. (NYSE:GEV) by 703.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 723 shares of the company’s stock after acquiring an additional 633 shares during the period. Rakuten Securities Inc.’s holdings in GE Vernova were worth $184,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Castleview Partners LLC purchased a new stake in shares of GE Vernova in the 3rd quarter valued at approximately $28,000. Covestor Ltd grew its stake in shares of GE Vernova by 61.3% in the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after buying an additional 46 shares during the period. Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $25,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $25,000.

Wall Street Analyst Weigh In

GEV has been the subject of several analyst reports. Morgan Stanley increased their price target 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. Bank of America increased their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. 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. Barclays increased their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Stock Performance

Shares of GEV opened at $349.44 on Tuesday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $349.79. The firm’s fifty day simple moving average is $263.02 and its 200-day simple moving average is $204.33.

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.