GE Vernova Inc. (NYSE:GEV) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its stake in GE Vernova Inc. (NYSE:GEV) by 13.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,796 shares of the company’s stock after buying an additional 327 shares during the period. Aptus Capital Advisors LLC’s holdings in GE Vernova were worth $713,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Castleview Partners LLC purchased a new stake in GE Vernova in the 3rd quarter valued at $28,000. Covestor Ltd increased its stake in GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after purchasing an additional 46 shares during the period. Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova in the second quarter valued at about $25,000. Trifecta Capital Advisors LLC acquired a new stake in shares of GE Vernova during the second quarter worth about $25,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of GE Vernova during the second quarter worth about $25,000.

GE Vernova Stock Performance

NYSE:GEV opened at $326.04 on Friday. The firm has a 50-day moving average price of $268.31 and a two-hundred day moving average price of $206.42. 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 subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Mizuho lifted their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Finally, BMO Capital Markets boosted their price target on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Seven investment 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $261.40.

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.