2,905 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Okabena Investment Services Inc.

Okabena Investment Services Inc. purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,905 shares of the company’s stock, valued at approximately $741,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Castleview Partners LLC acquired a new position in GE Vernova in the 3rd quarter valued at $28,000. Covestor Ltd boosted its holdings in GE Vernova by 61.3% during the third quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after acquiring an additional 46 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of GE Vernova in the third quarter valued at about $31,000. Planning Capital Management Corp grew its position in shares of GE Vernova by 1,000.0% in the third quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock valued at $36,000 after purchasing an additional 130 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova in the second quarter worth about $25,000.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $349.16 on Friday. The company’s fifty day moving average is $286.37 and its 200-day moving average is $215.05. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $357.09.

Analyst Ratings Changes

GEV has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. HSBC restated a “hold” rating and issued a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. BMO Capital Markets upped their target price on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Barclays raised their price target on shares of GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Bank of America upped their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $270.02.

GE Vernova 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.