Beck Capital Management LLC Buys Shares of 9,440 GE Vernova Inc. (NYSE:GEV)

Beck Capital Management LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the third quarter, Holdings Channel reports. The institutional investor purchased 9,440 shares of the company’s stock, valued at approximately $2,407,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC lifted its stake in GE Vernova by 2.5% in the third quarter. FMR LLC now owns 24,047,678 shares of the company’s stock worth $6,131,677,000 after acquiring an additional 584,208 shares during the period. Newport Trust Company LLC bought a new stake in shares of GE Vernova in the 2nd quarter valued at about $650,140,000. Bank of New York Mellon Corp purchased a new stake in shares of GE Vernova in the 2nd quarter worth approximately $537,674,000. WCM Investment Management LLC boosted its stake in shares of GE Vernova by 83.1% during the third quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock valued at $639,704,000 after purchasing an additional 1,161,901 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of GE Vernova during the second quarter valued at approximately $399,770,000.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $334.12 on Monday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $357.09. The company has a 50 day simple moving average of $295.95 and a two-hundred day simple moving average of $221.35.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GEV. Guggenheim initiated coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a research report on Monday, October 21st. They issued a “buy” rating and a $354.00 price target for the company. Barclays raised their price objective on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their price target on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $274.16.

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.