Captrust Financial Advisors Acquires 805 Shares of GE Vernova Inc. (NYSE:GEV)

Captrust Financial Advisors lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 4.9% during the third quarter, HoldingsChannel reports. The firm owned 17,131 shares of the company’s stock after purchasing an additional 805 shares during the period. Captrust Financial Advisors’ holdings in GE Vernova were worth $4,368,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GEV. Rockefeller Capital Management L.P. grew its position in GE Vernova by 0.7% during the third quarter. Rockefeller Capital Management L.P. now owns 389,388 shares of the company’s stock worth $99,287,000 after buying an additional 2,534 shares in the last quarter. Hantz Financial Services Inc. grew its position in GE Vernova by 10.2% during the third quarter. Hantz Financial Services Inc. now owns 857 shares of the company’s stock worth $219,000 after buying an additional 79 shares in the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in GE Vernova during the third quarter worth about $103,000. Vinva Investment Management Ltd grew its position in GE Vernova by 91.4% during the third quarter. Vinva Investment Management Ltd now owns 13,378 shares of the company’s stock worth $3,343,000 after buying an additional 6,389 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in GE Vernova by 15.2% during the third quarter. Public Sector Pension Investment Board now owns 12,096 shares of the company’s stock worth $3,084,000 after buying an additional 1,600 shares in the last quarter.

GE Vernova Trading Down 1.7 %

Shares of GEV stock opened at $331.92 on Wednesday. The stock has a 50-day moving average price of $299.20 and a 200 day moving average price of $223.75. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $357.09.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GEV shares. Bank of America lifted their target price on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Oppenheimer began coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective on the stock. Royal Bank of Canada raised their target price on GE Vernova from $285.00 to $376.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Finally, Jefferies Financial Group upped their price target on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $275.34.

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.