GE Vernova Inc. (NYSE:GEV) Stock Holdings Lifted by Planning Capital Management Corp

Planning Capital Management Corp grew its stake in GE Vernova Inc. (NYSE:GEV) by 1,000.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 143 shares of the company’s stock after buying an additional 130 shares during the quarter. Planning Capital Management Corp’s holdings in GE Vernova were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GEV. Newport Trust Company LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth about $650,140,000. Bank of New York Mellon Corp acquired a new position in shares of GE Vernova during the 2nd quarter worth about $537,674,000. Price T Rowe Associates Inc. MD bought a new position in GE Vernova during the first quarter valued at about $367,474,000. Marshall Wace LLP bought a new position in GE Vernova during the second quarter valued at about $399,770,000. Finally, Legal & General Group Plc bought a new position in GE Vernova during the second quarter valued at about $293,699,000.

Wall Street Analysts Forecast Growth

GEV has been the topic of several research reports. Truist Financial boosted their price target on GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Oppenheimer began coverage on GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating on the stock. Finally, HSBC reiterated a “hold” rating and set a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Trading Down 2.2 %

NYSE GEV opened at $326.04 on Friday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $349.79. The company has a 50 day moving average of $268.31 and a 200-day moving average of $206.42.

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.