Apollon Wealth Management LLC Has $1.79 Million Holdings in GE Vernova Inc. (NYSE:GEV)

Apollon Wealth Management LLC raised its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 5.6% during the third quarter, HoldingsChannel.com reports. The firm owned 6,999 shares of the company’s stock after acquiring an additional 371 shares during the quarter. Apollon Wealth Management LLC’s holdings in GE Vernova were worth $1,785,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. WCM Investment Management LLC lifted its position in GE Vernova by 83.1% during the 3rd quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock valued at $639,704,000 after purchasing an additional 1,161,901 shares during the period. Venturi Wealth Management LLC lifted its position in GE Vernova by 73.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 584 shares of the company’s stock valued at $149,000 after purchasing an additional 248 shares during the period. Addison Advisors LLC lifted its position in GE Vernova by 124.3% during the 3rd quarter. Addison Advisors LLC now owns 1,202 shares of the company’s stock valued at $306,000 after purchasing an additional 666 shares during the period. Patten & Patten Inc. TN increased its stake in shares of GE Vernova by 5.5% in the 3rd quarter. Patten & Patten Inc. TN now owns 3,651 shares of the company’s stock valued at $931,000 after acquiring an additional 191 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of GE Vernova in the 3rd quarter valued at about $55,000.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $333.32 on Thursday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $349.79. The stock’s fifty day moving average is $265.64 and its 200 day moving average is $205.53.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 target price for the company. Guggenheim initiated coverage on GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price for the company. Bank of America increased their target price on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley increased their target price on GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Mizuho raised their price target on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $261.40.

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.