Cohen Klingenstein LLC bought a new stake in GE Vernova Inc. (NYSE:GEV – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,143 shares of the company’s stock, valued at approximately $1,397,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD acquired a new stake in shares of GE Vernova during the first quarter worth about $367,474,000. Steadfast Capital Management LP purchased a new stake in GE Vernova during the 1st quarter worth approximately $80,235,000. Kinetic Partners Management LP acquired a new stake in GE Vernova during the 1st quarter worth approximately $20,854,000. Artemis Investment Management LLP purchased a new position in GE Vernova in the 2nd quarter valued at approximately $21,667,000. Finally, Douglas Lane & Associates LLC acquired a new position in shares of GE Vernova in the second quarter worth $16,898,000.
Analysts Set New Price Targets
A number of research firms recently issued reports on GEV. Bank of America started coverage on GE Vernova in a report on Wednesday, April 24th. They issued a “neutral” rating and a $150.00 target price for the company. HSBC began coverage on GE Vernova in a research report on Monday. They set a “buy” rating and a $215.00 price objective for the company. Daiwa Capital Markets started coverage on shares of GE Vernova in a report on Friday, June 21st. They issued an “outperform” rating and a $201.50 target price on the stock. Citigroup initiated coverage on shares of GE Vernova in a report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price target for the company. Finally, BNP Paribas began coverage on shares of GE Vernova in a report on Wednesday, April 17th. They issued an “outperform” rating and a $177.00 price objective on the stock. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $189.83.
GE Vernova Stock Down 1.5 %
Shares of NYSE GEV traded down $2.68 during trading hours on Monday, reaching $176.43. The stock had a trading volume of 1,797,750 shares, compared to its average volume of 4,078,843. The business’s 50-day simple moving average is $171.61. 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.
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