GE Vernova Inc. (NYSE:GEV) Shares Bought by Princeton Capital Management LLC

Princeton Capital Management LLC grew its position in GE Vernova Inc. (NYSE:GEV) by 163.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,000 shares of the company’s stock after buying an additional 5,581 shares during the quarter. GE Vernova accounts for approximately 0.7% of Princeton Capital Management LLC’s holdings, making the stock its 25th biggest holding. Princeton Capital Management LLC’s holdings in GE Vernova were worth $2,295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LRI Investments LLC acquired a new position in shares of GE Vernova during the 1st quarter worth approximately $63,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of GE Vernova in the first quarter valued at $367,474,000. Steadfast Capital Management LP purchased a new stake in GE Vernova during the 1st quarter worth about $80,235,000. Kinetic Partners Management LP acquired a new position in GE Vernova in the 1st quarter valued at about $20,854,000. Finally, Yaupon Capital Management LP purchased a new position in GE Vernova in the 1st quarter valued at about $10,256,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GEV. The Goldman Sachs Group upped their price objective 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. Jefferies Financial Group lifted their price objective on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Royal Bank of Canada increased their target price on GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Raymond James cut GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Finally, Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $264.55.

GE Vernova Price Performance

NYSE:GEV opened at $325.31 on Tuesday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $349.79. The firm has a 50-day moving average of $275.96 and a two-hundred day moving average of $210.43.

GE Vernova Company 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.