Atlanta Consulting Group Advisors LLC Acquires New Holdings in GE Vernova Inc. (NYSE:GEV)

Atlanta Consulting Group Advisors LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,087 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors have also recently bought and sold shares of the stock. LRI Investments LLC acquired a new stake in shares of GE Vernova during the first quarter worth $63,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of GE Vernova in the 1st quarter valued at about $367,474,000. Steadfast Capital Management LP bought a new stake in shares of GE Vernova in the first quarter valued at about $80,235,000. Kinetic Partners Management LP acquired a new position in shares of GE Vernova during the first quarter worth about $20,854,000. Finally, Yaupon Capital Management LP bought a new position in shares of GE Vernova during the first quarter worth about $10,256,000.

GE Vernova Stock Up 1.1 %

GE Vernova stock opened at $329.76 on Monday. The stock’s 50 day moving average is $273.49 and its 200-day moving average is $209.23. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $349.79.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Jefferies Financial Group upped their price target on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Barclays increased their target price on shares of GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Evercore ISI lifted their price target on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. HSBC restated a “hold” rating and set a $255.00 price objective (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Finally, Royal Bank of Canada lifted their target price on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Seven investment 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.55.

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.