Rockefeller Capital Management L.P. Buys 2,534 Shares of GE Vernova Inc. (NYSE:GEV)

Rockefeller Capital Management L.P. raised its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 0.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 389,388 shares of the company’s stock after buying an additional 2,534 shares during the period. Rockefeller Capital Management L.P.’s holdings in GE Vernova were worth $99,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GEV. Castleview Partners LLC purchased a new position in shares of GE Vernova in the third quarter valued at about $28,000. Covestor Ltd increased its position in GE Vernova by 61.3% during the third quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after acquiring an additional 46 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in GE Vernova in the 3rd quarter worth about $31,000. Planning Capital Management Corp boosted its holdings in 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 acquiring an additional 130 shares during the period. Finally, Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova in the second quarter worth about $25,000.

GE Vernova Trading Down 1.1 %

NYSE:GEV opened at $335.33 on Friday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $357.09. The company’s 50-day moving average is $294.17 and its two-hundred day moving average is $219.39.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GEV shares. Royal Bank of Canada upped their target price on GE Vernova from $285.00 to $376.00 and gave the stock an “outperform” rating in a report on Monday. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Guggenheim initiated coverage on GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target for the company. Wells Fargo & Company started coverage on shares of GE Vernova in a research note on Thursday, November 21st. They issued an “overweight” rating and a $385.00 price objective on the stock. Finally, Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $274.16.

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.