Point72 Asia Singapore Pte. Ltd. Acquires Shares of 8,328 GE Vernova Inc. (NYSE:GEV)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 8,328 shares of the company’s stock, valued at approximately $2,123,000.

Other hedge funds have also recently modified their holdings of the company. Waverton Investment Management Ltd increased its position in shares of GE Vernova by 10.0% in the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after acquiring an additional 66,455 shares during the period. Hanlon Investment Management Inc. purchased a new position in shares of GE Vernova in the third quarter valued at about $1,101,000. Atria Investments Inc increased its position in shares of GE Vernova by 127.0% in the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after acquiring an additional 2,847 shares during the period. Aspire Private Capital LLC purchased a new position in shares of GE Vernova in the second quarter valued at about $40,000. Finally, Fractal Investments LLC bought a new stake in shares of GE Vernova during the 3rd quarter valued at about $1,530,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GEV shares. Jefferies Financial Group lifted their target price on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets lifted their target price on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Guggenheim started coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price on the stock. HSBC reaffirmed a “hold” rating and set a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Finally, Truist Financial lifted their target price on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Seven investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $274.16.

GE Vernova Trading Down 0.4 %

GEV opened at $334.12 on Monday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $357.09. The company has a 50 day simple moving average of $295.95 and a two-hundred day simple moving average of $221.35.

GE Vernova 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.