Silvant Capital Management LLC Boosts Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Silvant Capital Management LLC grew its holdings in GE Vernova Inc. (NYSE:GEV) by 83.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,159 shares of the company’s stock after buying an additional 27,848 shares during the period. GE Vernova accounts for about 0.7% of Silvant Capital Management LLC’s holdings, making the stock its 25th biggest holding. Silvant Capital Management LLC’s holdings in GE Vernova were worth $15,594,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Aspire Private Capital LLC acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $40,000. Legal & General Group Plc acquired a new position in shares of GE Vernova during the 2nd quarter worth about $293,699,000. Central Pacific Bank Trust Division increased its stake in GE Vernova by 1,242.9% in the third quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock valued at $599,000 after purchasing an additional 2,175 shares during the last quarter. Concourse Financial Group Securities Inc. raised its stake in GE Vernova by 75.6% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 4,958 shares of the company’s stock worth $1,264,000 after acquiring an additional 2,134 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of GE Vernova during the third quarter worth about $2,042,000.

Analyst Ratings Changes

GEV has been the subject of a number of research reports. Truist Financial upped their target price on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised their price objective on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Evercore ISI raised their target price on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price target on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Price Performance

NYSE:GEV opened at $301.09 on Friday. The firm has a 50-day moving average price of $246.45 and a 200 day moving average price of $195.53. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $311.58.

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.