Private Management Group Inc. Takes $216,000 Position in GE Vernova Inc. (NYSE:GEV)

Private Management Group Inc. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 849 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently made changes to their positions in GEV. Key Financial Inc lifted its holdings in GE Vernova by 13.6% during the 3rd quarter. Key Financial Inc now owns 660 shares of the company’s stock worth $168,000 after buying an additional 79 shares in the last quarter. Mathes Company Inc. raised its holdings in shares of GE Vernova by 178.6% in the 3rd quarter. Mathes Company Inc. now owns 24,433 shares of the company’s stock valued at $6,230,000 after purchasing an additional 15,662 shares in the last quarter. Silvant Capital Management LLC grew its position in shares of GE Vernova by 83.6% in the 3rd quarter. Silvant Capital Management LLC now owns 61,159 shares of the company’s stock valued at $15,594,000 after buying an additional 27,848 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in shares of GE Vernova by 75.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,913 shares of the company’s stock valued at $1,655,000 after buying an additional 2,546 shares during the last quarter. Finally, Capital Advisors Inc. OK grew its position in shares of GE Vernova by 2.0% in the 3rd quarter. Capital Advisors Inc. OK now owns 212,381 shares of the company’s stock valued at $54,153,000 after buying an additional 4,238 shares during the last quarter.

Analyst Ratings Changes

GEV has been the topic of several research reports. The Goldman Sachs Group raised their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Truist Financial raised 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. JPMorgan Chase & Co. lifted their target price on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Guggenheim initiated coverage on shares of GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price on the stock. Finally, HSBC reaffirmed a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Seven 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Stock Down 0.2 %

GEV opened at $301.09 on Friday. The firm’s fifty day moving average price is $246.45 and its 200 day moving average price is $195.99. 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.