Centaurus Financial Inc. Acquires 88 Shares of GE Vernova Inc. (NYSE:GEV)

Centaurus Financial Inc. lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 823 shares of the company’s stock after acquiring an additional 88 shares during the period. Centaurus Financial Inc.’s holdings in GE Vernova were worth $210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GEV. Newport Trust Company LLC purchased a new position in GE Vernova during the second quarter worth $650,140,000. Bank of New York Mellon Corp purchased a new position in shares of GE Vernova during the 2nd quarter worth about $537,674,000. WCM Investment Management LLC grew its holdings in GE Vernova by 83.1% during the 3rd quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock valued at $639,704,000 after purchasing an additional 1,161,901 shares during the last quarter. Marshall Wace LLP purchased a new stake in GE Vernova in the 2nd quarter worth about $399,770,000. Finally, Legal & General Group Plc bought a new stake in GE Vernova in the second quarter worth about $293,699,000.

GE Vernova Trading Down 1.0 %

Shares of 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 stock has a 50-day simple moving average of $292.35 and a 200-day simple moving average of $218.58.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America raised their price target on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. The Goldman Sachs Group lifted their target price on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company began coverage on shares of GE Vernova in a report on Thursday, November 21st. They issued an “overweight” rating and a $385.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective for the company. Finally, Jefferies Financial Group upped their target price on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $274.16.

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.