PDT Partners LLC Invests $3.19 Million in GE Vernova Inc. (NYSE:GEV)

PDT Partners LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,500 shares of the company’s stock, valued at approximately $3,187,000.

Several other institutional investors also recently modified their holdings of the stock. LRI Investments LLC acquired a new stake in GE Vernova in the first quarter valued at $63,000. EverSource Wealth Advisors LLC acquired a new stake in GE Vernova in the first quarter valued at $165,000. Bank of New Hampshire acquired a new stake in GE Vernova in the second quarter valued at $114,000. Transcend Capital Advisors LLC acquired a new stake in GE Vernova in the second quarter valued at $529,000. Finally, Armstrong Henry H Associates Inc. acquired a new stake in GE Vernova in the second quarter valued at $523,000.

GE Vernova Stock Performance

GEV opened at $334.29 on Friday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $357.09. The company’s 50-day moving average is $295.95 and its 200 day moving average is $220.59.

Analyst Ratings Changes

GEV has been the subject of a number of recent research reports. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Morgan Stanley upped their price target on shares of GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Barclays upped their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Truist Financial upped their price target on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company started coverage on shares of 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 equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.