Berkshire Bank Makes New $209,000 Investment in GE Vernova Inc. (NYSE:GEV)

Berkshire Bank bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, Holdings Channel.com reports. The firm bought 1,218 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global Trust Asset Management LLC purchased a new stake in shares of GE Vernova in the 2nd quarter worth approximately $26,000. Lynx Investment Advisory purchased a new stake in shares of GE Vernova in the 2nd quarter worth approximately $34,000. Rise Advisors LLC purchased a new stake in shares of GE Vernova in the 2nd quarter worth approximately $35,000. Baldwin Brothers LLC MA purchased a new stake in shares of GE Vernova in the 2nd quarter worth approximately $38,000. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in shares of GE Vernova in the 1st quarter worth approximately $30,000.

GE Vernova Price Performance

Shares of NYSE GEV traded up $1.90 during midday trading on Friday, hitting $179.11. 2,766,628 shares of the stock traded hands, compared to its average volume of 4,103,369. The stock has a 50-day moving average price of $171.49. GE Vernova Inc. has a one year low of $115.00 and a one year high of $185.50.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GEV. Mizuho upped their price target on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Redburn Atlantic assumed coverage on GE Vernova in a research report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price objective on the stock. The Goldman Sachs Group upped their price objective on GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of GE Vernova in a research report on Monday, July 22nd. Finally, Melius assumed coverage on GE Vernova in a research report on Monday, April 22nd. They issued a “hold” rating and a $147.00 price objective on the stock. Four equities research 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $188.04.

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.