Linden Thomas Advisory Services LLC Invests $1.71 Million in GE Vernova Inc. (NYSE:GEV)

Linden Thomas Advisory Services LLC bought a new position in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,990 shares of the company’s stock, valued at approximately $1,713,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Lynx Investment Advisory bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $34,000. Rise Advisors LLC bought a new stake in GE Vernova in the second quarter worth $35,000. ANTIPODES PARTNERS Ltd purchased a new stake in GE Vernova during the first quarter valued at about $30,000. Institutional & Family Asset Management LLC bought a new position in shares of GE Vernova during the second quarter valued at about $41,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of GE Vernova in the second quarter worth about $41,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GEV shares. The Goldman Sachs Group increased their target price on GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a report on Friday, July 26th. BNP Paribas initiated coverage on shares of GE Vernova in a research note on Wednesday, April 17th. They issued an “outperform” rating and a $177.00 target price on the stock. Redburn Atlantic initiated coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price target for the company. Morgan Stanley raised shares of GE Vernova from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $175.00 to $220.00 in a report on Thursday, August 1st. Finally, Raymond James initiated coverage on shares of GE Vernova in a research note on Wednesday, April 17th. They set an “outperform” rating and a $160.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.04.

GE Vernova Stock Performance

Shares of GEV stock traded up $7.90 during midday trading on Thursday, reaching $173.97. 1,184,995 shares of the stock were exchanged, compared to its average volume of 4,100,827. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $185.50. The company has a 50 day simple moving average of $171.38.

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.