Signature Estate & Investment Advisors LLC Buys New Position in GE Vernova Inc. (NYSE:GEV)

Signature Estate & Investment Advisors LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,158 shares of the company’s stock, valued at approximately $295,000.

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

GE Vernova Stock Up 1.1 %

Shares of NYSE GEV opened at $329.76 on Friday. The firm’s 50-day moving average is $273.49 and its two-hundred day moving average is $208.82. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $349.79.

Analyst Ratings Changes

Several research firms have commented on GEV. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft assumed coverage on GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 price target for the company. HSBC reiterated a “hold” rating and issued a $255.00 price objective (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Bank of America upped their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets boosted their price target on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $264.55.

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.