FSM Wealth Advisors LLC Acquires Shares of 1,710 GE Vernova Inc. (NYSE:GEV)

FSM Wealth Advisors LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,710 shares of the company’s stock, valued at approximately $436,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Aspire Private Capital LLC purchased a new position in shares of GE Vernova in the 2nd quarter valued at approximately $40,000. Legal & General Group Plc purchased a new position in GE Vernova in the 2nd quarter valued at $293,699,000. Central Pacific Bank Trust Division increased its stake in GE Vernova by 1,242.9% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock valued at $599,000 after buying an additional 2,175 shares during the period. Concourse Financial Group Securities Inc. raised its position in GE Vernova by 75.6% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 4,958 shares of the company’s stock worth $1,264,000 after buying an additional 2,134 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of GE Vernova in the third quarter valued at about $2,042,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Evercore ISI increased their price objective on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley boosted their target price on shares of GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Royal Bank of Canada increased their price target on shares of GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, BMO Capital Markets boosted their price objective on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $295.46 on Tuesday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $311.58. The firm’s 50 day moving average price is $248.71 and its 200 day moving average price is $197.54.

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.