Seelaus Asset Management LLC Takes Position in GE Vernova Inc. (NYSE:GEV)

Seelaus Asset Management LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the third quarter, Holdings Channel reports. The fund bought 1,336 shares of the company’s stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova during the second quarter worth about $25,000. Trifecta Capital Advisors LLC purchased a new stake in GE Vernova during the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new stake in GE Vernova during the 2nd quarter valued at about $25,000. Global Trust Asset Management LLC acquired a new stake in GE Vernova in the 2nd quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in GE Vernova in the 2nd quarter worth approximately $27,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Evercore ISI upped their price target on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” 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. Oppenheimer initiated coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Finally, Bank of America lifted their target price on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.55.

GE Vernova Trading Up 1.1 %

Shares of GEV stock opened at $329.76 on Friday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $349.79. The firm has a fifty day moving average price of $273.49 and a 200 day moving average price of $208.44.

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.