Thompson Siegel & Walmsley LLC Makes New $234,000 Investment in GE Vernova Inc. (NYSE:GEV)

Thompson Siegel & Walmsley LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 917 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors have also recently made changes to their positions in the business. Waverton Investment Management Ltd boosted its stake in GE Vernova by 10.0% during the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock worth $185,459,000 after buying an additional 66,455 shares during the period. Hanlon Investment Management Inc. bought a new stake in GE Vernova in the third quarter worth about $1,101,000. Atria Investments Inc boosted its position in shares of GE Vernova by 127.0% during the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after buying an additional 2,847 shares during the period. Aspire Private Capital LLC bought a new position in shares of GE Vernova during the second quarter valued at approximately $40,000. Finally, Fractal Investments LLC purchased a new stake in shares of GE Vernova in the third quarter worth approximately $1,530,000.

GE Vernova Price Performance

Shares of GEV stock opened at $349.16 on Friday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $357.09. The stock’s 50-day simple moving average is $286.37 and its 200-day simple moving average is $214.71.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GEV. Truist Financial boosted their price objective on GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley upped their price target on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. BMO Capital Markets lifted their price objective on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. HSBC restated a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Finally, Jefferies Financial Group lifted their price target on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $270.02.

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.