Algert Global LLC Invests $5.17 Million in GE Vernova Inc. (NYSE:GEV)

Algert Global LLC purchased a new position in GE Vernova Inc. (NYSE:GEV) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,280 shares of the company’s stock, valued at approximately $5,171,000.

Several other hedge funds have also recently bought and sold shares 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 buying an additional 66,455 shares in the last quarter. Hanlon Investment Management Inc. purchased a new position in GE Vernova during the 3rd quarter valued at about $1,101,000. Atria Investments Inc raised its position in GE Vernova by 127.0% during the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock worth $1,297,000 after acquiring an additional 2,847 shares during the last quarter. Aspire Private Capital LLC purchased a new stake in shares of GE Vernova in the second quarter valued at about $40,000. Finally, Fractal Investments LLC acquired a new stake in shares of GE Vernova in the third quarter valued at approximately $1,530,000.

GE Vernova Stock Performance

Shares of GEV opened at $349.16 on Monday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $357.09. The stock has a fifty day moving average price of $286.37 and a 200 day moving average price of $215.41.

Analyst Ratings Changes

GEV has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Raymond James cut GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. BMO Capital Markets increased their price objective on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective for the company. Finally, Wells Fargo & Company began coverage on shares of GE Vernova in a report on Thursday. They issued an “overweight” rating and a $385.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $270.02.

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.