GE Vernova Inc. (NYSE:GEV) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC lifted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,796 shares of the company’s stock after acquiring an additional 327 shares during the period. Aptus Capital Advisors LLC’s holdings in GE Vernova were worth $713,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. lifted its stake in shares of GE Vernova by 28.0% during the third quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock valued at $41,000 after buying an additional 35 shares during the period. SteelPeak Wealth LLC grew its stake in GE Vernova by 2.5% in the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock worth $400,000 after acquiring an additional 38 shares during the period. Global Retirement Partners LLC raised its holdings in GE Vernova by 0.9% in the 3rd quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock valued at $1,149,000 after acquiring an additional 40 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of GE Vernova by 1.9% during the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock worth $537,000 after purchasing an additional 40 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its holdings in shares of GE Vernova by 30.3% during the third quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock worth $47,000 after purchasing an additional 43 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GEV. Barclays increased their target price on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Bank of America increased their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada boosted their target price on shares of GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. HSBC reaffirmed a “hold” rating and set a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Finally, The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Stock Down 2.2 %

Shares of NYSE GEV opened at $326.04 on Friday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79. The stock’s 50-day simple moving average is $268.31 and its 200-day simple moving average is $206.42.

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.