Souders Financial Advisors Purchases Shares of 1,227 GE Vernova Inc. (NYSE:GEV)

Souders Financial Advisors acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,227 shares of the company’s stock, valued at approximately $313,000.

Other institutional investors also recently modified their holdings of the company. Pittenger & Anderson Inc. increased its holdings in GE Vernova by 28.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock valued at $41,000 after purchasing an additional 35 shares in the last quarter. SteelPeak Wealth LLC increased its stake in shares of GE Vernova by 2.5% in the third quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after buying an additional 38 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of GE Vernova by 0.9% in the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock valued at $1,149,000 after buying an additional 40 shares during the last quarter. Whittier Trust Co. lifted its position in GE Vernova by 1.9% during the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock worth $537,000 after buying an additional 40 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its holdings in GE Vernova by 30.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock worth $47,000 after acquiring an additional 43 shares during the last quarter.

GE Vernova Stock Down 7.4 %

NYSE:GEV opened at $323.51 on Wednesday. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $349.79. The stock’s 50-day simple moving average is $265.64 and its 200 day simple moving average is $205.53.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of research reports. Barclays upped their target price on shares of GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Oppenheimer initiated coverage on GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating on the stock. Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Finally, Bank of America boosted their price objective on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

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.