Patriot Financial Group Insurance Agency LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV – Free Report) in the second quarter, Holdings Channel.com reports. The fund purchased 1,872 shares of the company’s stock, valued at approximately $321,000.
Several other large investors have also bought and sold shares of GEV. Bank of New York Mellon Corp purchased a new stake in shares of GE Vernova during the 2nd quarter worth approximately $537,674,000. Price T Rowe Associates Inc. MD bought a new position in shares of GE Vernova during the 1st quarter worth $367,474,000. Assenagon Asset Management S.A. purchased a new stake in GE Vernova in the 2nd quarter worth about $217,569,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in GE Vernova in the 2nd quarter valued at about $104,273,000. Finally, Steadfast Capital Management LP purchased a new stake in GE Vernova during the first quarter valued at about $80,235,000.
GE Vernova Stock Performance
Shares of GE Vernova stock traded up $3.42 during trading on Tuesday, reaching $185.55. The company’s stock had a trading volume of 1,449,758 shares, compared to its average volume of 3,890,471. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $190.80. The firm has a 50-day simple moving average of $174.92.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on GEV. Argus assumed coverage on shares of GE Vernova in a research note on Thursday, June 13th. They issued a “buy” rating and a $190.00 target price for the company. Evercore ISI lifted their price objective on shares of GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $220.00 price target on shares of GE Vernova in a report on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $180.00 price objective on shares of GE Vernova in a research report on Monday, July 22nd. Finally, Citigroup initiated coverage on shares of GE Vernova in a research report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price target for the company. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $189.83.
View Our Latest Stock Report on GEV
GE Vernova Company 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.
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