GE Vernova Inc. (NYSE:GEV) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its position in GE Vernova Inc. (NYSE:GEV) by 10.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 445,407 shares of the company’s stock after buying an additional 42,234 shares during the quarter. Bank of Montreal Can owned about 0.16% of GE Vernova worth $111,289,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Waverton Investment Management Ltd lifted its holdings in GE Vernova by 10.0% in the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after acquiring an additional 66,455 shares during the period. Hanlon Investment Management Inc. acquired a new stake in GE Vernova in the 3rd quarter valued at about $1,101,000. Atria Investments Inc raised its position in GE Vernova by 127.0% during the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock worth $1,297,000 after acquiring an additional 2,847 shares during the last quarter. Aspire Private Capital LLC purchased a new stake in shares of GE Vernova in the second quarter valued at about $40,000. Finally, Fractal Investments LLC acquired a new stake in shares of GE Vernova in the third quarter valued at approximately $1,530,000.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $339.00 on Wednesday. The firm’s 50 day moving average is $290.36 and its two-hundred day moving average is $217.76. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $357.09.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GEV. Jefferies Financial Group upped their target price on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets increased their price objective on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Barclays upped their target price on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Royal Bank of Canada lifted their price target on shares of GE Vernova from $285.00 to $376.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Oppenheimer started coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating on the stock. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $274.16.

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.