Polar Asset Management Partners Inc. Purchases Shares of 8,700 GE Vernova Inc. (NYSE:GEV)

Polar Asset Management Partners Inc. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,700 shares of the company’s stock, valued at approximately $2,218,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Castleview Partners LLC purchased a new stake in GE Vernova during the third quarter valued at $28,000. Covestor Ltd increased its holdings in shares of GE Vernova by 61.3% in the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after buying an additional 46 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of GE Vernova during the 3rd quarter valued at about $31,000. Planning Capital Management Corp raised its position in shares of GE Vernova by 1,000.0% during the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock valued at $36,000 after buying an additional 130 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova in the 2nd quarter valued at about $25,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Raymond James cut GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Oppenheimer assumed coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. lifted their price objective on shares of GE Vernova from $330.00 to $356.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley increased their target price on shares of GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Truist Financial lifted their price target on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $294.19.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $348.17 on Friday. The firm has a 50 day moving average of $302.91 and a 200 day moving average of $225.45. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $357.09.

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.