999 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 999 shares of the company’s stock, valued at approximately $171,000.

Other hedge funds have also recently modified their holdings of the company. ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova during the first quarter worth $30,000. LRI Investments LLC acquired a new stake in GE Vernova in the first quarter valued at $63,000. Bank of New Hampshire acquired a new stake in GE Vernova in the second quarter valued at $114,000. Kozak & Associates Inc. acquired a new stake in GE Vernova in the first quarter valued at $115,000. Finally, Boit C F David acquired a new stake in GE Vernova in the first quarter valued at $149,000.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GEV. Citigroup began coverage on GE Vernova in a research note on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $180.00 price objective on shares of GE Vernova in a research report on Monday, July 22nd. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Morgan Stanley upgraded GE Vernova from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $175.00 to $220.00 in a research report on Thursday. Finally, Evercore ISI lifted their price objective on GE Vernova from $174.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and a consensus target price of $188.04.

GE Vernova Stock Performance

GE Vernova stock traded down $2.61 during midday trading on Monday, hitting $162.12. 3,700,204 shares of the company were exchanged, compared to its average volume of 4,157,036. The stock has a fifty day simple moving average of $172.19. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $185.50.

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.