GE Vernova Inc. (NYSE:GEV) Shares Bought by Accredited Investors Inc.

Accredited Investors Inc. grew its holdings in GE Vernova Inc. (NYSE:GEV) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,967 shares of the company’s stock after purchasing an additional 45 shares during the period. Accredited Investors Inc.’s holdings in GE Vernova were worth $502,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. LRI Investments LLC acquired a new position in GE Vernova in the first quarter valued at about $63,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of GE Vernova in the 1st quarter valued at approximately $367,474,000. Steadfast Capital Management LP acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $80,235,000. Kinetic Partners Management LP purchased a new position in shares of GE Vernova during the 1st quarter worth approximately $20,854,000. Finally, Yaupon Capital Management LP acquired a new stake in GE Vernova in the 1st quarter valued at approximately $10,256,000.

Wall Street Analyst Weigh In

A number of research analysts have commented on GEV shares. The Goldman Sachs Group upped their price target on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft assumed coverage on GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average target price of $264.55.

GE Vernova Price Performance

Shares of NYSE GEV opened at $329.76 on Friday. The stock’s 50-day simple moving average is $273.49 and its 200-day simple moving average is $208.82. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $349.79.

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.