1,100 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the third quarter, HoldingsChannel.com reports. The firm bought 1,100 shares of the company’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aspire Private Capital LLC bought a new position in GE Vernova during the second quarter worth about $40,000. Legal & General Group Plc bought a new position in GE Vernova during the second quarter worth about $293,699,000. Central Pacific Bank Trust Division boosted its holdings in GE Vernova by 1,242.9% during the third quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock worth $599,000 after buying an additional 2,175 shares during the last quarter. Concourse Financial Group Securities Inc. boosted its holdings in GE Vernova by 75.6% during the third quarter. Concourse Financial Group Securities Inc. now owns 4,958 shares of the company’s stock worth $1,264,000 after buying an additional 2,134 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in GE Vernova during the third quarter worth about $2,042,000.

GE Vernova Stock Performance

GEV stock opened at $301.09 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $311.58. The stock’s 50 day moving average is $246.45 and its 200-day moving average is $195.53.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GEV. Guggenheim began coverage on GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective on the stock. Bank of America lifted their price objective on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada lifted their price objective on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group lifted their price objective on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $261.40.

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.