Claro Advisors LLC Increases Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Claro Advisors LLC increased its stake in GE Vernova Inc. (NYSE:GEV) by 22.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,465 shares of the company’s stock after acquiring an additional 272 shares during the quarter. Claro Advisors LLC’s holdings in GE Vernova were worth $374,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in GEV. Newport Trust Company LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth about $650,140,000. Bank of New York Mellon Corp purchased a new stake in GE Vernova during the 2nd quarter worth approximately $537,674,000. Price T Rowe Associates Inc. MD purchased a new stake in GE Vernova during the 1st quarter worth approximately $367,474,000. WCM Investment Management LLC lifted its position in shares of GE Vernova by 83.1% in the third quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock valued at $639,704,000 after acquiring an additional 1,161,901 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of GE Vernova in the second quarter worth approximately $399,770,000.

GE Vernova Stock Performance

Shares of GEV stock opened at $325.31 on Tuesday. The firm’s 50 day moving average price is $275.96 and its 200-day moving average price is $210.43. GE Vernova Inc. has a one year low of $115.00 and a one year high of $349.79.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GEV. JPMorgan Chase & Co. increased their price objective on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. William Blair assumed coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating on the stock. Truist Financial upped their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Guggenheim began coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price on the stock. Finally, 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. Seven equities research 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.55.

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.