Pittenger & Anderson Inc. Has $41,000 Position in GE Vernova Inc. (NYSE:GEV)

Pittenger & Anderson Inc. grew its stake in GE Vernova Inc. (NYSE:GEV) by 28.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160 shares of the company’s stock after buying an additional 35 shares during the quarter. Pittenger & Anderson Inc.’s holdings in GE Vernova were worth $41,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hanlon Investment Management Inc. bought a new stake in GE Vernova during the third quarter worth $1,101,000. Clarity Capital Partners LLC increased its position in GE Vernova by 5.7% during the third quarter. Clarity Capital Partners LLC now owns 1,346 shares of the company’s stock worth $343,000 after acquiring an additional 72 shares during the period. FSM Wealth Advisors LLC bought a new position in GE Vernova during the third quarter worth about $436,000. Hazlett Burt & Watson Inc. increased its position in GE Vernova by 22.4% during the third quarter. Hazlett Burt & Watson Inc. now owns 459 shares of the company’s stock worth $117,000 after acquiring an additional 84 shares during the period. Finally, PDS Planning Inc grew its stake in GE Vernova by 4.5% during the third quarter. PDS Planning Inc now owns 1,506 shares of the company’s stock worth $384,000 after buying an additional 65 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Hsbc Global Res downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. BMO Capital Markets raised their price target on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Jefferies Financial Group raised their price target on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Guggenheim started coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective for the company. Finally, The Goldman Sachs Group lifted their price target on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.40.

GE Vernova Stock Up 6.8 %

GE Vernova stock opened at $315.58 on Wednesday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $316.45. The business’s 50-day moving average price is $251.31 and its 200 day moving average price is $198.81.

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.