Avala Global LP Has $66.47 Million Position in GE Vernova Inc. (NYSE:GEV)

Avala Global LP raised its position in GE Vernova Inc. (NYSE:GEV) by 17.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 260,694 shares of the company’s stock after purchasing an additional 37,894 shares during the period. GE Vernova accounts for approximately 4.4% of Avala Global LP’s portfolio, making the stock its 8th largest position. Avala Global LP’s holdings in GE Vernova were worth $66,472,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Pittenger & Anderson Inc. increased its holdings in GE Vernova by 28.0% in the third quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock worth $41,000 after purchasing an additional 35 shares in the last quarter. SteelPeak Wealth LLC grew its position in shares of GE Vernova by 2.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock worth $400,000 after buying an additional 38 shares during the period. Global Retirement Partners LLC increased its stake in shares of GE Vernova by 0.9% in the 3rd quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock valued at $1,149,000 after acquiring an additional 40 shares in the last quarter. Whittier Trust Co. lifted its position in shares of GE Vernova by 1.9% during the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock valued at $537,000 after acquiring an additional 40 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its stake in GE Vernova by 30.3% during the third quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock worth $47,000 after acquiring an additional 43 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GEV. JPMorgan Chase & Co. lifted their price target on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Guggenheim started coverage on GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target on the stock. HSBC reissued a “hold” rating and issued a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 target price on the stock. Finally, William Blair assumed coverage on shares of GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $274.16.

GE Vernova Trading Down 0.4 %

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

GE Vernova 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.