BNP Paribas Financial Markets Purchases 22,793 Shares of GE Vernova Inc. (NYSE:GEV)

BNP Paribas Financial Markets lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 405,705 shares of the company’s stock after acquiring an additional 22,793 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.15% of GE Vernova worth $103,447,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Kozak & Associates Inc. bought a new position in shares of GE Vernova in the first quarter valued at approximately $115,000. LRI Investments LLC purchased a new position in shares of GE Vernova during the 1st quarter valued at $63,000. Spear Holdings RSC Ltd bought a new position in shares of GE Vernova in the first quarter worth $8,615,000. Cacti Asset Management LLC purchased a new stake in shares of GE Vernova in the first quarter worth $798,000. Finally, EverSource Wealth Advisors LLC bought a new stake in GE Vernova during the first quarter valued at $165,000.

GE Vernova Price Performance

GE Vernova stock opened at $339.00 on Wednesday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $357.09. The business’s fifty day simple moving average is $290.36 and its two-hundred day simple moving average is $217.76.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. William Blair started coverage on GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Jefferies Financial Group raised their target price on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 price target on the stock. HSBC reaffirmed a “hold” rating and set a $255.00 price objective (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Finally, Wells Fargo & Company began coverage on GE Vernova in a research report on Thursday, November 21st. They set an “overweight” rating and a $385.00 price target on the stock. Seven 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.