Swiss National Bank Acquires 2,100 Shares of GE Vernova Inc. (NYSE:GEV)

Swiss National Bank boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 813,565 shares of the company’s stock after purchasing an additional 2,100 shares during the period. Swiss National Bank owned about 0.30% of GE Vernova worth $207,443,000 as of its most recent SEC filing.

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

GE Vernova Stock Performance

NYSE:GEV opened at $329.76 on Monday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $349.79. The stock’s fifty day simple moving average is $273.49 and its 200-day simple moving average is $209.23.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Morgan Stanley boosted their target price on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday. Evercore ISI increased their price target on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Truist Financial increased their target price on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price 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.