Daiwa Securities Group Inc. Purchases 6,120 Shares of GE Vernova Inc. (NYSE:GEV)

Daiwa Securities Group Inc. increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 11.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,451 shares of the company’s stock after acquiring an additional 6,120 shares during the quarter. Daiwa Securities Group Inc.’s holdings in GE Vernova were worth $14,903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Newport Trust Company LLC acquired a new stake in GE Vernova during the 2nd quarter worth approximately $650,140,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova during the 2nd quarter worth approximately $537,674,000. Price T Rowe Associates Inc. MD acquired a new stake in GE Vernova during the 1st quarter worth approximately $367,474,000. Marshall Wace LLP acquired a new stake in GE Vernova during the 2nd quarter worth approximately $399,770,000. Finally, Legal & General Group Plc acquired a new stake in GE Vernova during the 2nd quarter worth approximately $293,699,000.

GE Vernova Stock Up 2.7 %

GEV stock opened at $349.16 on Monday. The company has a fifty day moving average price of $286.37 and a two-hundred day moving average price of $215.41. GE Vernova Inc. has a one year low of $115.00 and a one year high of $357.09.

Analyst Upgrades and Downgrades

Several brokerages have commented on GEV. William Blair began coverage on shares of GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating on the stock. Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. HSBC reiterated a “hold” rating and issued a $255.00 price objective (up from $240.00) on shares of GE Vernova in a 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 company an “outperform” rating in a report on Thursday, October 24th. Finally, Barclays lifted their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $270.02.

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.