Kingswood Wealth Advisors LLC Acquires Shares of 8,474 GE Vernova Inc. (NYSE:GEV)

Kingswood Wealth Advisors LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,474 shares of the company’s stock, valued at approximately $1,453,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of GE Vernova during the 2nd quarter valued at about $776,000. Armstrong Henry H Associates Inc. purchased a new stake in shares of GE Vernova during the second quarter worth about $523,000. Maryland State Retirement & Pension System bought a new stake in shares of GE Vernova during the first quarter valued at approximately $2,892,000. Price T Rowe Associates Inc. MD purchased a new stake in GE Vernova in the 1st quarter worth $367,474,000. Finally, Anderson Hoagland & Co. bought a new stake in shares of GE Vernova in the first quarter worth about $1,720,000.

GE Vernova Stock Up 1.0 %

Shares of NYSE:GEV traded up $1.72 during trading on Wednesday, reaching $166.07. 3,311,598 shares of the company’s stock traded hands, compared to its average volume of 4,132,856. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $185.50. The stock has a 50-day simple moving average of $171.60.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley raised shares of GE Vernova from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $175.00 to $220.00 in a research note on Thursday, August 1st. Evercore ISI lifted their target price on GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Melius assumed coverage on GE Vernova in a research report on Monday, April 22nd. They issued a “hold” rating and a $147.00 price objective for the company. 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 report on Friday, July 26th. Finally, Bank of America initiated coverage on shares of GE Vernova in a research note on Wednesday, April 24th. They set a “neutral” rating and a $150.00 price objective for the company. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.04.

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.