Castle Hook Partners LP Increases Stake in GE Vernova Inc. (NYSE:GEV)

Castle Hook Partners LP increased its holdings in GE Vernova Inc. (NYSE:GEV) by 39.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,050,806 shares of the company’s stock after buying an additional 296,464 shares during the period. GE Vernova accounts for approximately 5.0% of Castle Hook Partners LP’s portfolio, making the stock its 5th largest position. Castle Hook Partners LP’s holdings in GE Vernova were worth $267,935,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in GE Vernova by 34.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,812,192 shares of the company’s stock worth $462,073,000 after purchasing an additional 460,834 shares during the last quarter. Fiduciary Trust Co increased its position in GE Vernova by 322.3% in the third quarter. Fiduciary Trust Co now owns 38,202 shares of the company’s stock worth $9,741,000 after purchasing an additional 29,155 shares during the last quarter. CreativeOne Wealth LLC increased its position in GE Vernova by 30.5% in the third quarter. CreativeOne Wealth LLC now owns 2,161 shares of the company’s stock worth $551,000 after purchasing an additional 505 shares during the last quarter. Soros Capital Management LLC bought a new stake in GE Vernova in the third quarter worth $13,896,000. Finally, Cynosure Group LLC increased its position in GE Vernova by 46.0% during the third quarter. Cynosure Group LLC now owns 17,811 shares of the company’s stock valued at $4,541,000 after acquiring an additional 5,613 shares during the last quarter.

Wall Street Analyst Weigh In

GEV has been the topic of a number of analyst reports. Truist Financial boosted their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada boosted their price objective on shares of GE Vernova from $285.00 to $376.00 and gave the company an “outperform” rating in a research report on Monday. Evercore ISI boosted their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective on the stock. Finally, Guggenheim initiated coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $274.16.

GE Vernova Stock Down 1.0 %

NYSE:GEV opened at $335.35 on Thursday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $357.09. The company has a 50-day moving average of $292.35 and a 200 day moving average of $218.58.

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.