13,970 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Vanderbilt University

Vanderbilt University purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,970 shares of the company’s stock, valued at approximately $3,562,000. GE Vernova accounts for about 0.7% of Vanderbilt University’s holdings, making the stock its 29th biggest position.

Other hedge funds also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC bought a new position in shares of GE Vernova during the second quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in shares of GE Vernova in the 2nd quarter valued at $25,000. Global Trust Asset Management LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth about $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $27,000.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GEV. Oppenheimer started coverage on shares of GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating on the stock. Morgan Stanley boosted their target price on GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays increased their price target on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America lifted their price objective on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday. Finally, William Blair began coverage on GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Stock Down 0.8 %

GE Vernova stock traded down $2.26 during midday trading on Monday, hitting $291.28. 400,091 shares of the stock were exchanged, compared to its average volume of 3,572,141. The company has a fifty day simple moving average of $235.14 and a two-hundred day simple moving average of $190.64. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $298.81.

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.