Harvest Fund Management Co. Ltd Has $2.95 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Harvest Fund Management Co. Ltd increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 83.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,579 shares of the company’s stock after buying an additional 5,276 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in GE Vernova were worth $2,951,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Waverton Investment Management Ltd grew its position in GE Vernova by 10.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock worth $185,459,000 after purchasing an additional 66,455 shares in the last quarter. Hanlon Investment Management Inc. bought a new position in shares of GE Vernova in the third quarter valued at approximately $1,101,000. Atria Investments Inc grew its stake in GE Vernova by 127.0% during the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after acquiring an additional 2,847 shares in the last quarter. Aspire Private Capital LLC bought a new stake in GE Vernova during the 2nd quarter worth approximately $40,000. Finally, Fractal Investments LLC purchased a new stake in GE Vernova in the 3rd quarter worth approximately $1,530,000.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GEV. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a research report on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Truist Financial upped 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. Bank of America lifted their target price 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. Finally, Jefferies Financial Group increased their price target on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $270.02.

GE Vernova Stock Performance

GEV opened at $349.16 on Monday. The firm’s 50-day moving average price is $286.37 and its 200-day moving average price is $215.41. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $357.09.

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.