LRI Investments LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 459 shares of the company’s stock, valued at approximately $63,000.
Several other institutional investors have also modified their holdings of the stock. ANTIPODES PARTNERS Ltd bought a new stake in shares of GE Vernova during the 1st quarter worth approximately $30,000. Boit C F David bought a new stake in shares of GE Vernova during the 1st quarter worth approximately $149,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of GE Vernova during the 1st quarter worth approximately $478,000. Valeo Financial Advisors LLC bought a new stake in shares of GE Vernova during the 1st quarter worth approximately $673,000. Finally, Nwam LLC bought a new stake in shares of GE Vernova during the 1st quarter worth approximately $1,531,000.
GE Vernova Price Performance
GEV stock traded up $13.11 on Friday, hitting $173.11. 3,871,920 shares of the company’s stock were exchanged, compared to its average volume of 2,759,542. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $185.50. The stock’s 50 day simple moving average is $171.71.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on GEV. Royal Bank of Canada reissued an “outperform” rating and set a $180.00 price target on shares of GE Vernova in a research note on Monday, July 22nd. Bank of America began coverage on GE Vernova in a research report on Wednesday, April 24th. They set a “neutral” rating and a $150.00 target price for the company. JPMorgan Chase & Co. lifted their target price on GE Vernova from $195.00 to $216.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup started coverage on GE Vernova in a research report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 target price for the company. Finally, Melius started coverage on GE Vernova in a report on Monday, April 22nd. They issued a “hold” rating and a $147.00 price target on the stock. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $184.25.
Get Our Latest Report on GE Vernova
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.
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