Prospera Private Wealth LLC Buys New Stake in GE Vernova Inc. (NYSE:GEV)

Prospera Private Wealth LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 556 shares of the company’s stock, valued at approximately $142,000.

Several other institutional investors have also recently added to or reduced their stakes in GEV. LRI Investments LLC purchased a new stake in GE Vernova in the first quarter valued at $63,000. Price T Rowe Associates Inc. MD acquired a new position in shares of GE Vernova in the first quarter valued at approximately $367,474,000. Steadfast Capital Management LP acquired a new position in GE Vernova in the 1st quarter valued at $80,235,000. Kinetic Partners Management LP purchased a new position in GE Vernova during the first quarter worth about $20,854,000. Finally, Yaupon Capital Management LP purchased a new position in shares of GE Vernova during the 1st quarter worth approximately $10,256,000.

Analyst Ratings Changes

GEV has been the subject of several recent analyst reports. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. HSBC reiterated a “hold” rating and set a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Oppenheimer started coverage on GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective on the stock. Finally, William Blair began coverage on GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Seven research 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $270.02.

GE Vernova Price Performance

Shares of GEV stock opened at $340.90 on Friday. The firm has a fifty day moving average of $283.91 and a two-hundred day moving average of $213.46. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year 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.