Aljian Capital Management LLC Makes New $741,000 Investment in GE Vernova Inc. (NYSE:GEV)

Aljian Capital Management LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,907 shares of the company’s stock, valued at approximately $741,000.

Several other hedge funds have also recently modified their holdings of the stock. Swiss National Bank boosted its stake in GE Vernova by 0.3% in the 3rd quarter. Swiss National Bank now owns 813,565 shares of the company’s stock worth $207,443,000 after purchasing an additional 2,100 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of GE Vernova by 24.0% in the third quarter. Thrivent Financial for Lutherans now owns 16,908 shares of the company’s stock worth $4,311,000 after buying an additional 3,274 shares during the last quarter. Claro Advisors LLC lifted its stake in shares of GE Vernova by 22.8% during the third quarter. Claro Advisors LLC now owns 1,465 shares of the company’s stock worth $374,000 after buying an additional 272 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of GE Vernova during the third quarter valued at $277,000. Finally, Schear Investment Advisers LLC increased its position in shares of GE Vernova by 36.0% in the 3rd quarter. Schear Investment Advisers LLC now owns 8,511 shares of the company’s stock valued at $2,170,000 after acquiring an additional 2,251 shares during the period.

GE Vernova Stock Up 1.1 %

Shares of NYSE:GEV opened at $329.76 on Monday. The business’s 50 day moving average price is $273.49 and its 200-day moving average price is $209.23. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GEV. The Goldman Sachs Group raised their price objective on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 price target on the stock. Evercore ISI boosted their price objective on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. William Blair began coverage on GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating on the stock. Finally, BMO Capital Markets lifted their price target on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $264.55.

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.