Banco Santander S.A. Takes Position in GE Vernova Inc. (NYSE:GEV)

Banco Santander S.A. bought a new position in GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, Holdings Channel.com reports. The fund bought 3,736 shares of the company’s stock, valued at approximately $953,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GEV. Deseret Mutual Benefit Administrators purchased a new position in shares of GE Vernova in the second quarter worth $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new stake in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Global Trust Asset Management LLC purchased a new stake in shares of GE Vernova during the 2nd quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC bought a new position in shares of GE Vernova during the 2nd quarter valued at approximately $27,000.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Bank of America upped their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Guggenheim assumed coverage on GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price for the company. Wells Fargo & Company assumed coverage on GE Vernova in a report on Thursday. They set an “overweight” rating and a $385.00 price target on the stock. Evercore ISI raised their target price on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Hsbc Global Res downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $270.02.

GE Vernova Trading Up 2.7 %

Shares of NYSE:GEV opened at $349.16 on Friday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $357.09. The business’s fifty day simple moving average is $286.37 and its 200-day simple moving average is $214.71.

About GE Vernova

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.