Public Sector Pension Investment Board Acquires 1,600 Shares of GE Vernova Inc. (NYSE:GEV)

Public Sector Pension Investment Board lifted its stake in GE Vernova Inc. (NYSE:GEV) by 15.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,096 shares of the company’s stock after purchasing an additional 1,600 shares during the period. Public Sector Pension Investment Board’s holdings in GE Vernova were worth $3,084,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Waverton Investment Management Ltd grew its stake in GE Vernova by 10.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock worth $185,459,000 after acquiring an additional 66,455 shares in the last quarter. Hanlon Investment Management Inc. bought a new stake in GE Vernova during the 3rd quarter valued at $1,101,000. Atria Investments Inc lifted its holdings in shares of GE Vernova by 127.0% in the 3rd quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock worth $1,297,000 after buying an additional 2,847 shares during the period. Aspire Private Capital LLC bought a new position in shares of GE Vernova during the 2nd quarter worth $40,000. Finally, Fractal Investments LLC bought a new position in shares of GE Vernova during the 3rd quarter worth $1,530,000.

GE Vernova Price Performance

Shares of GEV stock opened at $331.92 on Wednesday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $357.09. The stock’s 50-day simple moving average is $299.20 and its 200-day simple moving average is $223.75.

Analyst Upgrades and Downgrades

GEV has been the subject of several recent research reports. BMO Capital Markets lifted their price objective on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Bank of America boosted their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Hsbc Global Res downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective for the company. Finally, HSBC reaffirmed a “hold” rating and set a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $275.34.

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.