Heritage Wealth Management Inc. Purchases New Position in GE Vernova Inc. (NYSE:GEV)

Heritage Wealth Management Inc. acquired a new position in GE Vernova Inc. (NYSE:GEV) during the third quarter, HoldingsChannel reports. The institutional investor acquired 1,081 shares of the company’s stock, valued at approximately $276,000.

Several other hedge funds have also recently made changes to their positions in the business. Pittenger & Anderson Inc. increased its position in GE Vernova by 28.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock valued at $41,000 after purchasing an additional 35 shares during the period. SteelPeak Wealth LLC increased its position in shares of GE Vernova by 2.5% during the third quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after buying an additional 38 shares during the period. Global Retirement Partners LLC raised its stake in GE Vernova by 0.9% in the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after buying an additional 40 shares in the last quarter. Whittier Trust Co. lifted its holdings in GE Vernova by 1.9% in the third quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock worth $537,000 after buying an additional 40 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its position in GE Vernova by 30.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock valued at $47,000 after acquiring an additional 43 shares in the last quarter.

GE Vernova Stock Up 0.6 %

GE Vernova stock traded up $1.90 during mid-day trading on Friday, reaching $338.68. 175,054 shares of the stock traded hands, compared to its average volume of 3,518,149. The business’s 50-day moving average is $254.36 and its 200-day moving average is $199.77. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $342.79.

Analysts Set New Price Targets

GEV has been the subject of a number of research analyst reports. Raymond James cut GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Mizuho upped their target price on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. HSBC reissued a “hold” rating and set a $255.00 price target (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. The Goldman Sachs Group raised their target price on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Truist Financial upped their price target on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $261.40.

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.