GE Vernova Inc. (NYSE:GEV) Stock Position Lifted by Caprock Group LLC

Caprock Group LLC increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,652 shares of the company’s stock after purchasing an additional 62 shares during the period. Caprock Group LLC’s holdings in GE Vernova were worth $3,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of GEV. Newport Trust Company LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $650,140,000. Bank of New York Mellon Corp acquired a new position in shares of GE Vernova in the 2nd quarter valued at $537,674,000. Price T Rowe Associates Inc. MD purchased a new position in GE Vernova in the 1st quarter worth about $367,474,000. Marshall Wace LLP acquired a new stake in GE Vernova during the 2nd quarter worth about $399,770,000. Finally, Legal & General Group Plc purchased a new stake in GE Vernova during the second quarter valued at about $293,699,000.

GE Vernova Price Performance

Shares of GEV stock opened at $339.92 on Wednesday. The stock’s 50 day simple moving average is $278.72 and its 200 day simple moving average is $211.66. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $349.79.

Analysts Set New Price Targets

GEV has been the topic of several analyst reports. Evercore ISI lifted their target price on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial lifted their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Guggenheim initiated coverage on GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price for the company. Mizuho lifted their price target on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Oppenheimer assumed coverage on GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating for the company. 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, GE Vernova presently has an average rating of “Moderate Buy” and a consensus price target of $264.55.

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.