Consilium Wealth Advisory LLC increased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 81.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,397 shares of the company's stock after buying an additional 2,429 shares during the period. Consilium Wealth Advisory LLC's holdings in GE Vernova were worth $1,376,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova in the second quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova during the 2nd quarter valued at about $25,000. Global Trust Asset Management LLC bought a new stake in GE Vernova during the 2nd quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in shares of GE Vernova in the second quarter worth approximately $27,000.
Several brokerages recently issued reports on GEV. Bank of America lifted their target price on GE Vernova from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. William Blair started coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an "outperform" rating for the company. Jefferies Financial Group increased their target price on shares of GE Vernova from $293.00 to $336.00 and gave the company a "buy" rating in a report on Friday, October 18th. The Goldman Sachs Group boosted their price target on shares of GE Vernova from $220.00 to $308.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, Oppenheimer assumed coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a "market perform" rating for the company. Seven research 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, GE Vernova currently has a consensus rating of "Moderate Buy" and an average price target of $261.40.
View Our Latest Analysis on GE Vernova
GEV traded up $7.38 during trading hours on Wednesday, hitting $323.15. The stock had a trading volume of 1,110,144 shares, compared to its average volume of 3,525,927. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $331.46. The company's fifty day simple moving average is $251.31 and its 200 day simple moving average is $198.81.
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.
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