BNC Wealth Management LLC Makes New Investment in GE Vernova Inc. (NYSE:GEV)

BNC Wealth Management LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 884 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hanlon Investment Management Inc. acquired a new position in GE Vernova during the 3rd quarter worth $1,101,000. Aspire Private Capital LLC acquired a new position in GE Vernova during the 2nd quarter worth $40,000. Legal & General Group Plc acquired a new position in GE Vernova during the 2nd quarter worth $293,699,000. Fractal Investments LLC acquired a new position in GE Vernova during the 3rd quarter worth $1,530,000. Finally, Central Pacific Bank Trust Division grew its holdings in GE Vernova by 1,242.9% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock worth $599,000 after acquiring an additional 2,175 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. HSBC restated a “hold” rating and issued a $255.00 price target (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. William Blair assumed coverage on shares of GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a research report on Monday, October 21st. They issued a “buy” rating and a $354.00 price target on the stock. Finally, Evercore ISI raised their price target on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Stock Performance

GEV stock opened at $336.22 on Thursday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $338.58. The firm’s 50-day moving average is $254.36 and its two-hundred day moving average is $199.77.

GE Vernova Company 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.