Algert Global LLC Makes New $5.17 Million Investment in GE Vernova Inc. (NYSE:GEV)

Algert Global LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) in the third quarter, Holdings Channel.com reports. The institutional investor bought 20,280 shares of the company’s stock, valued at approximately $5,171,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Kingsview Wealth Management LLC boosted its position in GE Vernova by 1.6% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,723 shares of the company’s stock worth $1,714,000 after acquiring an additional 107 shares during the period. Cerity Partners LLC boosted its holdings in shares of GE Vernova by 28.8% during the third quarter. Cerity Partners LLC now owns 53,533 shares of the company’s stock worth $13,650,000 after purchasing an additional 11,978 shares during the period. Nicolet Advisory Services LLC purchased a new position in GE Vernova during the third quarter valued at approximately $251,000. Meridian Wealth Management LLC grew its position in GE Vernova by 7.6% during the third quarter. Meridian Wealth Management LLC now owns 3,127 shares of the company’s stock valued at $797,000 after purchasing an additional 222 shares in the last quarter. Finally, Nwam LLC acquired a new position in GE Vernova in the 3rd quarter valued at approximately $2,839,000.

GE Vernova Trading Up 2.7 %

NYSE GEV opened at $349.16 on Monday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $357.09. The firm has a 50-day simple moving average of $286.37 and a 200 day simple moving average of $215.41.

Analysts Set New Price Targets

GEV has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. HSBC restated a “hold” rating and set a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Truist Financial lifted their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. William Blair started coverage on GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating on the stock. Finally, Barclays raised their price objective on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $270.02.

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.