GE Vernova Inc. (NYSE:GEV) Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC lifted its stake in GE Vernova Inc. (NYSE:GEV) by 30.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,161 shares of the company’s stock after buying an additional 505 shares during the period. CreativeOne Wealth LLC’s holdings in GE Vernova were worth $551,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Soros Capital Management LLC acquired a new stake in GE Vernova during the 3rd quarter valued at $13,896,000. Cynosure Group LLC boosted its position in GE Vernova by 46.0% in the 3rd quarter. Cynosure Group LLC now owns 17,811 shares of the company’s stock valued at $4,541,000 after buying an additional 5,613 shares during the last quarter. Townsquare Capital LLC grew its stake in shares of GE Vernova by 16.0% during the third quarter. Townsquare Capital LLC now owns 4,622 shares of the company’s stock valued at $1,179,000 after acquiring an additional 638 shares in the last quarter. NCP Inc. increased its position in shares of GE Vernova by 74.2% during the third quarter. NCP Inc. now owns 1,096 shares of the company’s stock worth $279,000 after acquiring an additional 467 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of GE Vernova by 6.0% during the third quarter. BNP Paribas Financial Markets now owns 405,705 shares of the company’s stock worth $103,447,000 after acquiring an additional 22,793 shares during the last quarter.

Wall Street Analyst Weigh In

GEV has been the subject of a number of recent analyst reports. Bank of America raised their price objective on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Guggenheim began coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target for the company. William Blair initiated coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective for the company. Finally, Jefferies Financial Group upped their target price 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 equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $274.16.

GE Vernova Price Performance

NYSE:GEV opened at $334.12 on Monday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $357.09. The business has a fifty day moving average of $295.95 and a 200-day moving average of $221.35.

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.