GE Vernova Inc. (NYSE:GEV) Shares Acquired by NCP Inc.

NCP Inc. boosted its stake in GE Vernova Inc. (NYSE:GEV) by 74.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,096 shares of the company’s stock after acquiring an additional 467 shares during the quarter. NCP Inc.’s holdings in GE Vernova were worth $279,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova in the second quarter worth approximately $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of GE Vernova during the second quarter worth $25,000. Meeder Asset Management Inc. purchased a new stake in shares of GE Vernova during the second quarter worth $25,000. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova in the second quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in shares of GE Vernova in the second quarter worth about $27,000.

Analysts Set New Price Targets

Several analysts recently issued reports on GEV shares. Jefferies Financial Group upped their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Truist Financial lifted their price objective on 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 upped their target price on GE Vernova from $285.00 to $376.00 and gave the company an “outperform” rating in a report on Monday. Guggenheim assumed coverage on GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target on the stock. Finally, Bank of America boosted their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $274.16.

GE Vernova Stock Up 3.0 %

NYSE GEV opened at $339.00 on Wednesday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $357.09. The stock has a 50-day moving average of $290.36 and a two-hundred day moving average of $217.76.

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.