403 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Teachers Insurance & Annuity Association of America

Teachers Insurance & Annuity Association of America purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 403 shares of the company’s stock, valued at approximately $103,000.

A number of other hedge funds have also added to or reduced their stakes in GEV. Deseret Mutual Benefit Administrators bought a new stake in shares of GE Vernova during the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova during the second quarter worth about $25,000. Meeder Asset Management Inc. purchased a new stake in GE Vernova in the second quarter worth about $25,000. Global Trust Asset Management LLC bought a new position in shares of GE Vernova during the second quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in shares of GE Vernova during the second quarter valued at approximately $27,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on GEV. 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 note on Friday, October 4th. JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Wells Fargo & Company initiated coverage on shares of GE Vernova in a research report on Thursday, November 21st. They issued an “overweight” rating and a $385.00 price target on the stock. Oppenheimer started coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating on the stock. Finally, Royal Bank of Canada raised their price target on GE Vernova from $285.00 to $376.00 and gave the company an “outperform” rating in a report on Monday. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $274.16.

GE Vernova Price Performance

GE Vernova stock traded down $3.56 during trading hours on Thursday, hitting $335.33. The company had a trading volume of 2,318,182 shares, compared to its average volume of 3,491,655. The company has a 50-day moving average price of $292.35 and a two-hundred day moving average price of $218.58. 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.