Securian Asset Management Inc. Purchases New Position in GE Vernova Inc. (NYSE:GEV)

Securian Asset Management Inc. purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, HoldingsChannel reports. The firm purchased 15,630 shares of the company’s stock, valued at approximately $2,681,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Trust Asset Management LLC bought a new stake in shares of GE Vernova in the 2nd quarter valued at $26,000. ANTIPODES PARTNERS Ltd purchased a new position in GE Vernova during the first quarter valued at approximately $30,000. Lynx Investment Advisory purchased a new position in shares of GE Vernova during the 2nd quarter valued at $34,000. Rise Advisors LLC purchased a new position in shares of GE Vernova during the second quarter worth approximately $35,000. Finally, Baldwin Brothers LLC MA purchased a new position in shares of GE Vernova during the second quarter worth approximately $38,000.

GE Vernova Trading Down 1.0 %

Shares of GEV traded down $1.88 during midday trading on Monday, reaching $177.23. 1,154,027 shares of the stock were exchanged, compared to its average volume of 4,071,995. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $185.50. The firm has a 50 day moving average price of $171.49.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GEV. Daiwa Capital Markets started coverage on shares of GE Vernova in a report on Friday, June 21st. They set an “outperform” rating and a $201.50 target price on the stock. Evercore ISI raised their price objective on GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. BNP Paribas initiated coverage on GE Vernova in a research note on Wednesday, April 17th. They issued an “outperform” rating and a $177.00 target price for the company. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Finally, Citigroup started coverage on GE Vernova in a research note on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price target on the stock. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $189.83.

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.