Hudson Valley Investment Advisors Inc. ADV Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Hudson Valley Investment Advisors Inc. ADV bought a new stake in GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 893 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors have also modified their holdings of the company. Deseret Mutual Benefit Administrators purchased a new position in GE Vernova in the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC purchased a new position in shares of GE Vernova in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of GE Vernova in the second quarter worth approximately $25,000. Global Trust Asset Management LLC purchased a new stake in shares of GE Vernova during the second quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in shares of GE Vernova during the second quarter worth approximately $27,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GEV. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective on the stock. Evercore ISI upped their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised their target price on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Finally, William Blair assumed coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating on the stock. Seven investment 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, GE Vernova has an average rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Stock Performance

NYSE:GEV opened at $301.69 on Friday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $303.71. The stock’s fifty day moving average is $244.09 and its two-hundred day moving average is $194.36.

GE Vernova Company 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.