Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in GE Vernova Inc. (NYSE:GEV – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 126,606 shares of the company’s stock, valued at approximately $21,714,000.
Other large investors have also modified their holdings of the company. Aspire Private Capital LLC acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $40,000. GAMMA Investing LLC acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $776,000. Sequoia Financial Advisors LLC acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $2,724,000. Parsons Capital Management Inc. RI acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $275,000. Finally, Armstrong Henry H Associates Inc. acquired a new position in GE Vernova during the 2nd quarter valued at about $523,000.
GE Vernova Price Performance
Shares of GEV traded up $6.90 during midday trading on Friday, hitting $198.26. The stock had a trading volume of 1,538,765 shares, compared to its average volume of 3,845,012. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $198.80. The stock’s 50-day moving average price is $175.13.
Wall Street Analyst Weigh In
Several research firms have commented on GEV. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Redburn Atlantic began coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 target price on the stock. Mizuho raised their target price on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. HSBC began coverage on shares of GE Vernova in a research note on Monday, August 12th. They set a “buy” rating and a $215.00 target price on the stock. Finally, Daiwa Capital Markets began coverage on shares of GE Vernova in a research note on Friday, June 21st. They set an “outperform” rating and a $201.50 target price on the stock. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.83.
Get Our Latest Research Report on GEV
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.
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