King Wealth Management Group Acquires New Shares in GE Vernova Inc. (NYSE:GEV)

King Wealth Management Group bought a new position in GE Vernova Inc. (NYSE:GEV) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 902 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds have also recently modified their holdings of the business. Deseret Mutual Benefit Administrators bought a new position in GE Vernova during the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new stake in GE Vernova during the 2nd quarter valued at $25,000. Global Trust Asset Management LLC bought a new position in shares of GE Vernova during the 2nd quarter valued at $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in shares of GE Vernova during the 2nd quarter valued at about $27,000.

Analysts Set New Price Targets

GEV has been the topic of a number of research reports. William Blair began coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Truist Financial boosted their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays raised their target price on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Seven equities 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’s stock. According to MarketBeat, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $261.40.

GE Vernova Stock Down 2.2 %

GEV stock opened at $326.04 on Friday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $349.79. The company has a 50-day moving average price of $268.31 and a 200 day moving average price of $206.42.

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.