Daiwa Securities Group Inc. Acquires 6,120 Shares of GE Vernova Inc. (NYSE:GEV)

Daiwa Securities Group Inc. grew its holdings in GE Vernova Inc. (NYSE:GEV) by 11.7% in the third quarter, HoldingsChannel reports. The fund owned 58,451 shares of the company’s stock after buying an additional 6,120 shares during the period. Daiwa Securities Group Inc.’s holdings in GE Vernova were worth $14,903,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of GEV. Newport Trust Company LLC bought a new stake in shares of GE Vernova in the second quarter valued at about $650,140,000. Bank of New York Mellon Corp bought a new stake in GE Vernova during the second quarter worth about $537,674,000. Price T Rowe Associates Inc. MD bought a new stake in GE Vernova during the first quarter worth about $367,474,000. Marshall Wace LLP bought a new stake in GE Vernova during the second quarter worth about $399,770,000. Finally, Legal & General Group Plc bought a new stake in GE Vernova during the second quarter worth about $293,699,000.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GEV. Bank of America upped their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their target price on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Evercore ISI boosted their target price on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. 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. Finally, William Blair initiated coverage on GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating for the company. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $270.02.

GE Vernova Trading Up 2.7 %

Shares of GEV stock opened at $349.16 on Monday. The business’s 50 day simple moving average is $286.37 and its 200 day simple moving average is $215.41. GE Vernova Inc. has a one year low of $115.00 and a one year high of $357.09.

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.