BNP Paribas Financial Markets Grows Holdings in GE Vernova Inc. (NYSE:GEV)

BNP Paribas Financial Markets boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 405,705 shares of the company’s stock after purchasing an additional 22,793 shares during the quarter. BNP Paribas Financial Markets’ holdings in GE Vernova were worth $103,447,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GEV. Deseret Mutual Benefit Administrators bought a new stake in shares of GE Vernova in the 2nd quarter worth about $25,000. Trifecta Capital Advisors LLC bought a new stake in shares of GE Vernova during the second quarter worth $25,000. Meeder Asset Management Inc. bought a new position in shares of GE Vernova in the second quarter worth about $25,000. Global Trust Asset Management LLC bought a new stake in GE Vernova during the 2nd quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in GE Vernova in the 2nd quarter valued at about $27,000.

GE Vernova Price Performance

NYSE:GEV opened at $339.00 on Wednesday. The company’s 50 day moving average is $290.36 and its two-hundred day moving average is $217.76. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $357.09.

Analyst Ratings Changes

GEV has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Guggenheim started coverage on GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target on the stock. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Finally, Evercore ISI increased their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $274.16.

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.