Atom Investors LP Buys 5,127 Shares of GE Vernova Inc. (NYSE:GEV)

Atom Investors LP raised its stake in GE Vernova Inc. (NYSE:GEV) by 169.2% during the third quarter, HoldingsChannel.com reports. The fund owned 8,157 shares of the company’s stock after purchasing an additional 5,127 shares during the quarter. Atom Investors LP’s holdings in GE Vernova were worth $2,080,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Avala Global LP grew its position in shares of GE Vernova by 17.0% during the third quarter. Avala Global LP now owns 260,694 shares of the company’s stock valued at $66,472,000 after purchasing an additional 37,894 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in GE Vernova during the 3rd quarter valued at approximately $2,123,000. Cobblestone Capital Advisors LLC NY increased its stake in GE Vernova by 3.8% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,853 shares of the company’s stock worth $472,000 after acquiring an additional 68 shares during the last quarter. Acropolis Investment Management LLC purchased a new stake in shares of GE Vernova during the 3rd quarter worth approximately $101,000. Finally, Point72 Europe London LLP bought a new position in shares of GE Vernova during the 3rd quarter valued at approximately $561,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GEV shares. Truist Financial boosted their price target on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. 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 assumed coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Guggenheim initiated coverage on GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective on the stock. Finally, Barclays raised their price objective on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Seven investment 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 company’s stock. Based on data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $274.16.

GE Vernova Stock Performance

GEV stock opened at $337.54 on Tuesday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $357.09. The business has a 50-day moving average price of $295.95 and a 200 day moving average price of $221.35.

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.