Cohen Klingenstein LLC Invests $1.40 Million in GE Vernova Inc. (NYSE:GEV)

Cohen Klingenstein LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) 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.