D.A. Davidson & CO. Increases Stock Position in GE Vernova Inc. (NYSE:GEV)

D.A. Davidson & CO. grew its position in shares of GE Vernova Inc. (NYSE:GEV) by 1.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,634 shares of the company’s stock after buying an additional 95 shares during the quarter. D.A. Davidson & CO.’s holdings in GE Vernova were worth $1,692,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Castleview Partners LLC purchased a new position in GE Vernova during the 3rd quarter worth approximately $28,000. Covestor Ltd boosted its holdings in shares of GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after acquiring an additional 46 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of GE Vernova in the third quarter valued at approximately $31,000. Planning Capital Management Corp grew its position in shares of GE Vernova by 1,000.0% during the third quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock worth $36,000 after acquiring an additional 130 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova in the 2nd quarter valued at $25,000.

Wall Street Analysts Forecast Growth

GEV has been the topic of several research reports. Royal Bank of Canada raised their price objective on shares of GE Vernova from $285.00 to $376.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. BMO Capital Markets raised their price target on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. HSBC reaffirmed a “hold” rating and set a $255.00 price objective (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Oppenheimer assumed coverage on GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating for the company. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $274.16.

GE Vernova Trading Down 0.4 %

GEV opened at $334.12 on Friday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $357.09. The business’s fifty day moving average is $295.95 and its two-hundred day moving average is $220.98.

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.