883 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Childress Capital Advisors LLC

Childress Capital Advisors LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 883 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Newport Trust Company LLC purchased a new stake in shares of GE Vernova during the second quarter worth $650,140,000. Bank of New York Mellon Corp purchased a new stake in shares of GE Vernova during the second quarter worth $537,674,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of GE Vernova during the first quarter worth $367,474,000. Marshall Wace LLP purchased a new stake in shares of GE Vernova during the second quarter worth $399,770,000. Finally, Legal & General Group Plc purchased a new stake in shares of GE Vernova during the second quarter worth $293,699,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GEV. Morgan Stanley raised their target price on GE Vernova from $256.00 to $301.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 target price on the stock. Barclays raised their target price on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Oppenheimer began coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. Finally, Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Price Performance

GE Vernova stock opened at $297.60 on Thursday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $301.53. The company’s 50-day moving average price is $241.78 and its two-hundred day moving average price is $193.61.

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.