KCM Investment Advisors LLC Takes $222,000 Position in GE Vernova Inc. (NYSE:GEV)

KCM Investment Advisors LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the third quarter, HoldingsChannel reports. The institutional investor purchased 870 shares of the company’s stock, valued at approximately $222,000.

Several other large investors have also recently added to or reduced their stakes in the stock. LRI Investments LLC acquired a new stake in GE Vernova in the first quarter valued at approximately $63,000. Price T Rowe Associates Inc. MD purchased a new position in shares of GE Vernova in the first quarter valued at $367,474,000. Steadfast Capital Management LP acquired a new stake in GE Vernova during the 1st quarter valued at $80,235,000. Kinetic Partners Management LP purchased a new stake in GE Vernova during the 1st quarter worth $20,854,000. Finally, Yaupon Capital Management LP acquired a new position in GE Vernova in the 1st quarter worth $10,256,000.

Analyst Ratings Changes

Several analysts have recently weighed in on GEV shares. Morgan Stanley raised their target price on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America raised their price objective on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Mizuho raised their price target on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $264.55.

GE Vernova Stock Up 1.1 %

GEV stock opened at $329.76 on Friday. The firm’s 50-day simple moving average is $273.49 and its 200 day simple moving average is $208.82. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $349.79.

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.