Associated Banc Corp Has $663,000 Stock Position in GE Vernova Inc. (NYSE:GEV)

Associated Banc Corp boosted its holdings in GE Vernova Inc. (NYSE:GEV) by 80.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,601 shares of the company’s stock after acquiring an additional 1,158 shares during the quarter. Associated Banc Corp’s holdings in GE Vernova were worth $663,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GEV. Waverton Investment Management Ltd boosted its stake in shares of GE Vernova by 10.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after purchasing an additional 66,455 shares in the last quarter. Hanlon Investment Management Inc. acquired a new stake in GE Vernova in the third quarter valued at approximately $1,101,000. Atria Investments Inc grew its stake in shares of GE Vernova by 127.0% during the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock worth $1,297,000 after buying an additional 2,847 shares during the last quarter. Aspire Private Capital LLC bought a new stake in shares of GE Vernova during the second quarter worth $40,000. Finally, Fractal Investments LLC acquired a new position in shares of GE Vernova during the third quarter worth $1,530,000.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of research reports. William Blair began coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating on the stock. Wells Fargo & Company began coverage on GE Vernova in a research note on Thursday, November 21st. They issued an “overweight” rating and a $385.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 target price on the stock. HSBC restated a “hold” rating and issued a $255.00 price target (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Finally, Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Seven 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 stock. According to data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.16.

GE Vernova Stock Down 5.8 %

Shares of NYSE GEV opened at $329.00 on Tuesday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $357.09. The firm’s 50-day simple moving average is $288.35 and its 200 day simple moving average is $216.55.

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.