Larson Financial Group LLC Increases Position in GE Vernova Inc. (NYSE:GEV)

Larson Financial Group LLC grew its position in GE Vernova Inc. (NYSE:GEV) by 2.7% during the third quarter, Holdings Channel.com reports. The firm owned 5,359 shares of the company’s stock after acquiring an additional 143 shares during the period. Larson Financial Group LLC’s holdings in GE Vernova were worth $1,366,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GEV. Pittenger & Anderson Inc. lifted its holdings in GE Vernova by 28.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock worth $41,000 after buying an additional 35 shares during the last quarter. SteelPeak Wealth LLC raised its position in shares of GE Vernova by 2.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock worth $400,000 after acquiring an additional 38 shares in the last quarter. Global Retirement Partners LLC lifted its stake in 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 last quarter. Whittier Trust Co. lifted its stake in 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 purchasing an additional 40 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in GE Vernova by 30.3% in the third quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock valued at $47,000 after purchasing an additional 43 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have weighed in on GEV shares. BMO Capital Markets raised their price objective on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Barclays boosted their target price on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Jefferies Financial Group raised their price target on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company started coverage on GE Vernova in a research note on Thursday. They issued an “overweight” rating and a $385.00 price objective for the company. Finally, Royal Bank of Canada raised their target price on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus target price of $270.02.

GE Vernova Price Performance

GE Vernova stock opened at $349.16 on Monday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $357.09. The business has a fifty day moving average of $286.37 and a two-hundred day moving average of $215.41.

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.