Teachers Insurance & Annuity Association of America Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Teachers Insurance & Annuity Association of America purchased a new position in GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 403 shares of the company’s stock, valued at approximately $103,000.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GEV shares. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 price target for the company. Morgan Stanley upped their price target on shares of GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Jefferies Financial Group lifted their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Bank of America upped their target price on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, William Blair started coverage on GE Vernova in a research report 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $274.16.

GE Vernova Trading Down 1.1 %

Shares of NYSE:GEV traded down $3.56 during midday trading on Thursday, reaching $335.33. 2,318,182 shares of the company’s stock traded hands, compared to its average volume of 3,491,655. The company has a fifty day simple moving average of $292.35 and a two-hundred day simple moving average of $218.58. GE Vernova Inc. has a 1 year low of $115.00 and a 1 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.