Meeder Advisory Services Inc. Has $1.29 Million Position in GE Vernova Inc. (NYSE:GEV)

Meeder Advisory Services Inc. raised its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,075 shares of the company’s stock after purchasing an additional 414 shares during the quarter. Meeder Advisory Services Inc.’s holdings in GE Vernova were worth $1,294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators bought a new position in GE Vernova in the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC acquired a new position in GE Vernova in the 2nd quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in GE Vernova during the 2nd quarter worth $25,000. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova during the second quarter worth $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in shares of GE Vernova in the second quarter valued at about $27,000.

GE Vernova Trading Down 1.3 %

Shares of GEV stock opened at $325.31 on Tuesday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $349.79. The business’s 50 day simple moving average is $275.96 and its 200 day simple moving average is $210.43.

Analyst Ratings Changes

GEV has been the subject of several analyst reports. Oppenheimer began coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating for the company. Morgan Stanley lifted their price objective on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a report on Friday. Mizuho upped their target price on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Bank of America upped their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Seven 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 presently has an average rating of “Moderate Buy” and an average target price of $264.55.

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.