OneAscent Financial Services LLC Buys Shares of 1,089 GE Vernova Inc. (NYSE:GEV)

OneAscent Financial Services LLC bought a new position in GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, Holdings Channel.com reports. The fund bought 1,089 shares of the company’s stock, valued at approximately $278,000.

A number of other large investors have also made changes to their positions in GEV. Newport Trust Company LLC purchased a new stake in GE Vernova during the second quarter valued at approximately $650,140,000. Bank of New York Mellon Corp bought a new position in shares of GE Vernova in the second quarter worth approximately $537,674,000. Price T Rowe Associates Inc. MD purchased a new stake in GE Vernova in the 1st quarter worth $367,474,000. WCM Investment Management LLC lifted its position in shares of GE Vernova by 83.1% in the third quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock valued at $639,704,000 after acquiring an additional 1,161,901 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of GE Vernova during the second quarter worth about $399,770,000.

Analyst Ratings Changes

A number of research firms recently commented on GEV. Morgan Stanley boosted their price target on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. William Blair initiated coverage on shares of GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Jefferies Financial Group lifted their price target on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a report on Friday, October 18th. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Finally, HSBC reiterated a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Seven investment 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. Based on data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price of $264.55.

GE Vernova Stock Up 4.5 %

GEV stock opened at $339.92 on Wednesday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $349.79. The company has a 50-day moving average price of $278.72 and a 200 day moving average price of $211.66.

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.