Consilium Wealth Advisory LLC Grows Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Consilium Wealth Advisory LLC grew its stake in shares of GE Vernova Inc. (NYSE:GEV) by 81.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,397 shares of the company’s stock after acquiring an additional 2,429 shares during the period. Consilium Wealth Advisory LLC’s holdings in GE Vernova were worth $1,376,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

GEV has been the subject of several research analyst reports. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. HSBC reiterated a “hold” rating and set a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Bank of America raised their target price on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Truist Financial boosted their price target on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Seven equities research 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 company’s stock. Based on data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Trading Up 2.3 %

NYSE:GEV traded up $7.38 during midday trading on Wednesday, reaching $323.15. 1,110,144 shares of the stock traded hands, compared to its average volume of 3,525,927. The company has a fifty day moving average of $251.31 and a 200 day moving average of $198.81. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $331.46.

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.