Check Capital Management Inc. CA Makes New $252,000 Investment in GE Vernova Inc. (NYSE:GEV)

Check Capital Management Inc. CA bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 988 shares of the company’s stock, valued at approximately $252,000.

Other institutional investors have also recently made changes to their positions in the company. Newport Trust Company LLC purchased a new stake in GE Vernova in the second quarter worth $650,140,000. Bank of New York Mellon Corp purchased a new stake in shares of GE Vernova in the 2nd quarter worth about $537,674,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of GE Vernova in the 1st quarter worth about $367,474,000. WCM Investment Management LLC increased its stake in shares of GE Vernova by 83.1% in the 3rd quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock worth $639,704,000 after acquiring an additional 1,161,901 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in GE Vernova during the 2nd quarter valued at about $399,770,000.

GE Vernova Stock Down 2.2 %

NYSE GEV opened at $326.04 on Friday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $349.79. The stock’s 50-day moving average price is $268.31 and its 200-day moving average price is $206.42.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GEV shares. Morgan Stanley upped their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday. William Blair began coverage on GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Finally, BMO Capital Markets increased their target price on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Seven investment 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 stock. According to data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $264.55.

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.