GE Vernova Inc. (NYSE:GEV) Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its holdings in GE Vernova Inc. (NYSE:GEV) by 32.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,894 shares of the company’s stock after acquiring an additional 701 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in GE Vernova were worth $738,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova in the 2nd quarter valued at approximately $25,000. Trifecta Capital Advisors LLC bought a new stake in shares of GE Vernova in the second quarter worth $25,000. Meeder Asset Management Inc. acquired a new stake in GE Vernova in the second quarter valued at $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova during the 2nd quarter valued at $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in GE Vernova during the 2nd quarter worth $27,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GEV shares. Bank of America upped their target price on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. William Blair initiated coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Mizuho upped their price target on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. HSBC reaffirmed a “hold” rating and issued a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Finally, Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $270.02.

GE Vernova Stock Performance

GEV stock opened at $349.16 on Friday. The firm’s 50-day moving average is $286.37 and its two-hundred day moving average is $214.71. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $357.09.

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.