Westfield Capital Management Co. LP Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Westfield Capital Management Co. LP bought a new position in GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 413,169 shares of the company’s stock, valued at approximately $105,350,000. Westfield Capital Management Co. LP owned 0.15% of GE Vernova at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova in the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC acquired a new stake in shares of GE Vernova in the second quarter worth $25,000. Meeder Asset Management Inc. purchased a new position in shares of GE Vernova during the second quarter valued at $25,000. Global Trust Asset Management LLC acquired a new position in GE Vernova during the second quarter valued at $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in GE Vernova in the 2nd quarter worth about $27,000.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $349.16 on Friday. The business has a 50 day moving average price of $286.37 and a 200 day moving average price of $215.05. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $357.09.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on GE Vernova from $285.00 to $330.00 and gave the company 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 report on Friday, October 4th. Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. HSBC restated a “hold” rating and set a $255.00 price target (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Finally, Morgan Stanley increased their price objective on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.02.

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.