FUKOKU MUTUAL LIFE INSURANCE Co Acquires 333 Shares of GE Vernova Inc. (NYSE:GEV)

FUKOKU MUTUAL LIFE INSURANCE Co grew its holdings in GE Vernova Inc. (NYSE:GEV) by 28.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,511 shares of the company’s stock after purchasing an additional 333 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in GE Vernova were worth $385,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Castleview Partners LLC acquired a new stake in GE Vernova in the 3rd quarter worth approximately $28,000. Covestor Ltd grew its stake in GE Vernova by 61.3% in the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after buying an additional 46 shares during the last quarter. Planning Capital Management Corp increased its position in GE Vernova by 1,000.0% in the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock worth $36,000 after buying an additional 130 shares during the period. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova during the second quarter worth approximately $25,000. Finally, Trifecta Capital Advisors LLC bought a new stake in shares of GE Vernova in the second quarter valued at approximately $25,000.

GE Vernova Price Performance

GEV opened at $326.04 on Friday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $349.79. The stock has a fifty day moving average of $268.31 and a 200-day moving average of $206.42.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GEV shares. Mizuho boosted their price objective on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 target price for the company. Truist Financial upped their price target on GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI lifted their price objective on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada upped their target price on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

GE Vernova Company 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.