Legacy Bridge LLC Purchases New Stake in GE Vernova Inc. (NYSE:GEV)

Legacy Bridge LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,206 shares of the company’s stock, valued at approximately $1,582,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GEV. Castleview Partners LLC acquired a new stake in shares of GE Vernova during the 3rd quarter worth approximately $28,000. Covestor Ltd increased its stake in GE Vernova by 61.3% during the third quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after acquiring an additional 46 shares during the last quarter. Planning Capital Management Corp increased its stake in GE Vernova by 1,000.0% during the third quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock worth $36,000 after acquiring an additional 130 shares during the last quarter. Deseret Mutual Benefit Administrators purchased a new stake in GE Vernova in the second quarter valued at $25,000. Finally, Trifecta Capital Advisors LLC acquired a new position in shares of GE Vernova in the 2nd quarter valued at $25,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GEV. The Goldman Sachs Group raised their price objective on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Royal Bank of Canada boosted their price target on shares of GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. William Blair assumed coverage on shares of GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Oppenheimer began coverage on GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating on the stock. Finally, Bank of America upped their price target on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $264.55.

GE Vernova Price Performance

NYSE:GEV opened at $325.31 on Tuesday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $349.79. The business’s fifty day moving average price is $275.96 and its 200 day moving average price is $210.43.

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.