GE Vernova Inc. (NYSE:GEV) Holdings Lifted by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its position in GE Vernova Inc. (NYSE:GEV) by 66.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,124 shares of the company’s stock after purchasing an additional 13,987 shares during the quarter. Mizuho Securities USA LLC’s holdings in GE Vernova were worth $8,956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Meridian Investment Counsel Inc. increased its position in GE Vernova by 8.8% in the 3rd quarter. Meridian Investment Counsel Inc. now owns 3,626 shares of the company’s stock valued at $925,000 after acquiring an additional 294 shares during the period. Coastline Trust Co bought a new position in shares of GE Vernova in the third quarter worth $40,000. Seelaus Asset Management LLC acquired a new position in shares of GE Vernova during the third quarter valued at $341,000. KCM Investment Advisors LLC bought a new stake in shares of GE Vernova during the third quarter valued at about $222,000. Finally, Empowered Funds LLC lifted its holdings in GE Vernova by 6.0% in the third quarter. Empowered Funds LLC now owns 4,352 shares of the company’s stock worth $1,110,000 after purchasing an additional 245 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have commented on GEV. Truist Financial boosted their price target on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada boosted their target price on GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Mizuho increased their price target on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. BMO Capital Markets boosted their price objective on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, HSBC reaffirmed a “hold” rating and set a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $264.55.

GE Vernova Stock Up 1.1 %

Shares of GE Vernova stock opened at $329.76 on Friday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $349.79. The business has a fifty day simple moving average of $273.49 and a 200-day simple moving average of $208.82.

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.