iA Global Asset Management Inc. Purchases Shares of 33,380 GE Vernova Inc. (NYSE:GEV)

iA Global Asset Management Inc. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 33,380 shares of the company’s stock, valued at approximately $8,511,000.

Several other large investors also recently made changes to their positions in the company. Pittenger & Anderson Inc. boosted its holdings in GE Vernova by 28.0% in the third quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock worth $41,000 after acquiring an additional 35 shares in the last quarter. SteelPeak Wealth LLC increased its stake in GE Vernova by 2.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after purchasing an additional 38 shares in the last quarter. Global Retirement Partners LLC raised its holdings in GE Vernova by 0.9% during the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after buying an additional 40 shares during the last quarter. Whittier Trust Co. raised its holdings in GE Vernova by 1.9% during the third quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock worth $537,000 after buying an additional 40 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of GE Vernova by 30.3% in the third quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock valued at $47,000 after buying an additional 43 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wolfe Research started coverage on shares of GE Vernova in a report on Wednesday. They issued an “outperform” rating and a $403.00 target price on the stock. Oppenheimer started coverage on GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 target price on the stock. JPMorgan Chase & Co. increased their price target on GE Vernova from $330.00 to $356.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company initiated coverage on shares of GE Vernova in a report on Thursday, November 21st. They set an “overweight” rating and a $385.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.19.

GE Vernova Trading Down 0.5 %

Shares of NYSE:GEV opened at $346.51 on Friday. The company has a 50-day moving average price of $304.84 and a two-hundred day moving average price of $227.17. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $357.09.

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.