Highland Capital Management LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 34,306 shares of the company’s stock, valued at approximately $5,884,000.
A number of other institutional investors have also made changes to their positions in GEV. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in GE Vernova by 1.7% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock worth $650,000 after buying an additional 61 shares during the period. Wedmont Private Capital lifted its stake in shares of GE Vernova by 3.2% in the second quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock worth $638,000 after acquiring an additional 109 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in shares of GE Vernova in the second quarter worth about $26,000. Gradient Investments LLC purchased a new position in GE Vernova in the second quarter valued at about $27,000. Finally, Timber Creek Capital Management LLC acquired a new stake in GE Vernova during the 2nd quarter valued at approximately $27,000.
GE Vernova Stock Down 1.5 %
Shares of NYSE GEV traded down $2.71 during mid-day trading on Friday, hitting $183.29. 4,872,683 shares of the company traded hands, compared to its average volume of 3,929,203. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $190.80. The business’s 50 day moving average is $174.65.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $180.00 target price on shares of GE Vernova in a research note on Monday, July 22nd. Daiwa Capital Markets started coverage on shares of GE Vernova in a research note on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective on the stock. HSBC started coverage on shares of GE Vernova in a research report on Monday, August 12th. They issued a “buy” rating and a $215.00 target price for the company. Hsbc Global Res upgraded GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Mizuho boosted their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $189.83.
View Our Latest Stock Analysis on GEV
About GE Vernova
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.
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