Prospera Private Wealth LLC Buys New Stake in GE Vernova Inc. (NYSE:GEV)

Prospera Private Wealth LLC purchased a new position in GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 556 shares of the company’s stock, valued at approximately $142,000.

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

GE Vernova Price Performance

GE Vernova stock opened at $340.90 on Friday. The firm has a 50 day simple moving average of $283.91 and a 200-day simple moving average of $213.46. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $357.09.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. HSBC reaffirmed a “hold” rating and set a $255.00 target price (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. BMO Capital Markets raised their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Truist Financial increased their target price on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $270.02.

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.