Harvest Fund Management Co. Ltd Buys 5,276 Shares of GE Vernova Inc. (NYSE:GEV)

Harvest Fund Management Co. Ltd boosted its stake in GE Vernova Inc. (NYSE:GEV) by 83.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,579 shares of the company’s stock after purchasing an additional 5,276 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in GE Vernova were worth $2,951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GEV. Newport Trust Company LLC bought a new stake in shares of GE Vernova during the 2nd quarter worth approximately $650,140,000. Bank of New York Mellon Corp acquired a new position in GE Vernova during the second quarter valued at approximately $537,674,000. Price T Rowe Associates Inc. MD bought a new stake in GE Vernova during the first quarter worth $367,474,000. Marshall Wace LLP acquired a new stake in shares of GE Vernova in the 2nd quarter valued at $399,770,000. Finally, Legal & General Group Plc bought a new position in shares of GE Vernova in the 2nd quarter valued at $293,699,000.

GE Vernova Price Performance

GEV stock opened at $349.16 on Monday. The stock has a 50-day moving average price of $286.37 and a 200-day moving average price of $215.41. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $357.09.

Analysts Set New Price Targets

Several analysts recently weighed in on GEV shares. Bank of America raised their price objective on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. BMO Capital Markets raised their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Truist Financial upped their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley raised their target price on shares of GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Jefferies Financial Group upped their price target on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $270.02.

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.