Asset Management One Co. Ltd. Raises Holdings in GE Vernova Inc. (NYSE:GEV)

Asset Management One Co. Ltd. boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,854 shares of the company’s stock after purchasing an additional 552 shares during the quarter. Asset Management One Co. Ltd.’s holdings in GE Vernova were worth $25,971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Castleview Partners LLC purchased a new stake in shares of GE Vernova in the third quarter valued at $28,000. Deseret Mutual Benefit Administrators purchased a new position in GE Vernova during the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova in the 2nd quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in GE Vernova in the second quarter worth $25,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of GE Vernova during the second quarter worth $26,000.

Analyst Ratings Changes

GEV has been the subject of several research reports. HSBC reissued a “hold” rating and issued a $255.00 price objective (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Truist Financial increased their price objective on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their target price on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Bank of America increased their price target on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Evercore ISI lifted their price objective on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Stock Performance

GE Vernova stock opened at $295.46 on Tuesday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $311.58. The stock’s 50 day simple moving average is $248.71 and its two-hundred day simple moving average is $197.54.

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.