Asset Management One Co. Ltd. Purchases 552 Shares of GE Vernova Inc. (NYSE:GEV)

Asset Management One Co. Ltd. boosted its position in GE Vernova Inc. (NYSE:GEV) by 0.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 101,854 shares of the company’s stock after purchasing an additional 552 shares during the period. Asset Management One Co. Ltd.’s holdings in GE Vernova were worth $25,971,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd purchased a new position in GE Vernova in the first quarter worth $30,000. Nwam LLC purchased a new position in GE Vernova in the first quarter valued at approximately $1,531,000. LRI Investments LLC bought a new position in shares of GE Vernova during the 1st quarter worth $63,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of GE Vernova during the 1st quarter valued at approximately $367,474,000. Finally, Steadfast Capital Management LP bought a new stake in GE Vernova during the 1st quarter valued at $80,235,000.

GE Vernova Trading Down 1.9 %

Shares of NYSE GEV opened at $295.46 on Tuesday. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $311.58. The firm’s 50 day moving average price is $248.71 and its 200-day moving average price is $197.54.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GEV shares. The Goldman Sachs Group raised their target price on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. HSBC restated a “hold” rating and set a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Royal Bank of Canada lifted their price objective on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group boosted their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Barclays lifted their price target on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Company Profile

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.