National Pension Service Has $141.41 Million Stock Position in GE Vernova Inc. (NYSE:GEV)

National Pension Service lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 554,574 shares of the company’s stock after purchasing an additional 22,907 shares during the period. National Pension Service owned 0.20% of GE Vernova worth $141,405,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GEV. SteelPeak Wealth LLC lifted its holdings in GE Vernova by 2.5% in the third quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after buying an additional 38 shares during the period. Global Retirement Partners LLC increased its position in shares of 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 acquiring an additional 40 shares in the last quarter. Whittier Trust Co. increased its position in shares of 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 acquiring an additional 40 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in shares of GE Vernova by 30.3% during the third quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock worth $47,000 after acquiring an additional 43 shares in the last quarter. Finally, First Bancorp Inc ME grew its holdings in shares of GE Vernova by 3.1% in the third quarter. First Bancorp Inc ME now owns 1,450 shares of the company’s stock valued at $370,000 after acquiring an additional 44 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Mizuho raised their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Truist Financial boosted their price objective on GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Barclays upped their target price on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Guggenheim assumed coverage on GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Stock Performance

GEV opened at $295.46 on Tuesday. The business has a 50 day moving average of $248.71 and a 200-day moving average of $197.54. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $311.58.

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.