Legacy Capital Wealth Partners LLC Makes New $245,000 Investment in GE Vernova Inc. (NYSE:GEV)

Legacy Capital Wealth Partners LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the third quarter, according to its most recent filing with the SEC. The fund purchased 961 shares of the company’s stock, valued at approximately $245,000.

Other institutional investors have also made changes to their positions in the company. Nwam LLC acquired a new stake in shares of GE Vernova during the first quarter worth $1,531,000. LRI Investments LLC bought a new position in GE Vernova in the first quarter worth about $63,000. Price T Rowe Associates Inc. MD acquired a new position in GE Vernova in the first quarter valued at approximately $367,474,000. Steadfast Capital Management LP bought a new position in shares of GE Vernova during the first quarter valued at approximately $80,235,000. Finally, Kinetic Partners Management LP acquired a new stake in shares of GE Vernova during the 1st quarter worth approximately $20,854,000.

GE Vernova Price Performance

Shares of GEV opened at $349.44 on Tuesday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $349.79. The business’s 50-day moving average price is $260.05 and its 200 day moving average price is $202.91.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley upped their price target on shares of GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Truist Financial lifted their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Oppenheimer assumed coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating on the stock. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $261.40.

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.