Forte Capital LLC ADV Acquires New Holdings in GE Vernova Inc. (NYSE:GEV)

Forte Capital LLC ADV bought a new stake in GE Vernova Inc. (NYSE:GEV) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 906 shares of the company’s stock, valued at approximately $231,000.

Other large investors have also recently bought and sold shares of the company. Newport Trust Company LLC acquired a new position in shares of GE Vernova during the second quarter valued at approximately $650,140,000. Bank of New York Mellon Corp bought a new stake in shares of GE Vernova in the 2nd quarter worth $537,674,000. Price T Rowe Associates Inc. MD bought a new stake in shares of GE Vernova in the 1st quarter worth $367,474,000. Marshall Wace LLP acquired a new stake in shares of GE Vernova in the second quarter valued at $399,770,000. Finally, Legal & General Group Plc bought a new position in GE Vernova during the second quarter valued at about $293,699,000.

Analysts Set New Price Targets

A number of brokerages have weighed in on GEV. William Blair started coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. raised their target price on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. HSBC reiterated a “hold” rating and set a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Barclays lifted their target price on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group upped their target price on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $261.40.

GE Vernova Stock Performance

NYSE:GEV opened at $336.78 on Friday. The stock’s 50 day moving average price is $254.36 and its 200 day moving average price is $199.77. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $340.41.

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.