Kingsview Wealth Management LLC Increases Stake in GE Vernova Inc. (NYSE:GEV)

Kingsview Wealth Management LLC increased its holdings in GE Vernova Inc. (NYSE:GEV) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,723 shares of the company’s stock after purchasing an additional 107 shares during the quarter. Kingsview Wealth Management LLC’s holdings in GE Vernova were worth $1,714,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GEV. Yaupon Capital Management LP bought a new stake in shares of GE Vernova in the 1st quarter valued at about $10,256,000. Kozak & Associates Inc. purchased a new stake in shares of GE Vernova during the first quarter valued at approximately $115,000. LRI Investments LLC bought a new position in shares of GE Vernova in the first quarter worth approximately $63,000. Spear Holdings RSC Ltd purchased a new position in shares of GE Vernova in the first quarter worth $8,615,000. Finally, Cacti Asset Management LLC bought a new stake in GE Vernova during the 1st quarter valued at $798,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Bank of America raised their price target on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays raised their target price on shares of GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted 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. Evercore ISI lifted their price objective on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, HSBC restated a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $274.16.

GE Vernova Stock Down 5.8 %

GEV stock opened at $329.00 on Tuesday. The stock’s 50 day simple moving average is $288.35 and its 200 day simple moving average is $216.55. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month 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.