GE Vernova Inc. (NYSE:GEV) Shares Acquired by Pegasus Partners Ltd.

Pegasus Partners Ltd. boosted its position in GE Vernova Inc. (NYSE:GEV) by 56.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,265 shares of the company’s stock after purchasing an additional 814 shares during the quarter. Pegasus Partners Ltd.’s holdings in GE Vernova were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators purchased a new position in shares of GE Vernova during the 2nd quarter worth $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of GE Vernova during the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new position in shares of GE Vernova during the 2nd quarter worth about $25,000. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova in the second quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in GE Vernova in the second quarter valued at approximately $27,000.

GE Vernova Stock Up 1.2 %

GEV stock opened at $340.94 on Friday. The company has a 50-day simple moving average of $260.05 and a 200 day simple moving average of $202.14. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $342.79.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of research analyst reports. Oppenheimer started coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating on the stock. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. BMO Capital Markets upped their target price on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. raised their target price on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Barclays upped their price target on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock 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.