DRW Securities LLC Takes Position in GE Vernova Inc. (NYSE:GEV)

DRW Securities LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,580 shares of the company’s stock, valued at approximately $403,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GEV. Newport Trust Company LLC bought a new stake in shares of GE Vernova during the second quarter worth approximately $650,140,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova during the 2nd quarter worth approximately $537,674,000. Marshall Wace LLP acquired a new stake in GE Vernova during the 2nd quarter worth approximately $399,770,000. Legal & General Group Plc bought a new stake in GE Vernova in the 2nd quarter valued at $293,699,000. Finally, Electron Capital Partners LLC grew its holdings in GE Vernova by 1,641.3% in the 2nd quarter. Electron Capital Partners LLC now owns 1,694,296 shares of the company’s stock valued at $290,589,000 after buying an additional 1,596,996 shares in the last quarter.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $339.00 on Wednesday. The company’s 50 day moving average price is $290.36 and its two-hundred day moving average price is $217.76. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $357.09.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GEV. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. William Blair initiated coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating for the company. Guggenheim assumed coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price on the stock. Oppenheimer began coverage on shares of GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating for the company. Finally, JPMorgan Chase & Co. increased their price target on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $274.16.

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.