Lingohr Asset Management GmbH Has $1.15 Million Position in GE Vernova Inc. (NYSE:GEV)

Lingohr Asset Management GmbH lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 4.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,500 shares of the company’s stock after purchasing an additional 200 shares during the quarter. GE Vernova makes up 2.8% of Lingohr Asset Management GmbH’s portfolio, making the stock its 4th largest holding. Lingohr Asset Management GmbH’s holdings in GE Vernova were worth $1,147,000 at the end of the most recent quarter.

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

GE Vernova Stock Performance

GEV stock opened at $325.31 on Tuesday. The company’s 50 day simple moving average is $275.96 and its 200-day simple moving average is $210.43. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $349.79.

Analyst Ratings Changes

GEV has been the subject of several recent analyst reports. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Barclays lifted their target price on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. The Goldman Sachs Group boosted their price target on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, BMO Capital Markets raised their price target on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $264.55.

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.