Avestar Capital LLC Buys New Holdings in GE Vernova Inc. (NYSE:GEV)

Avestar Capital LLC purchased a new position in GE Vernova Inc. (NYSE:GEV) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,365 shares of the company’s stock, valued at approximately $348,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Waverton Investment Management Ltd boosted its holdings in shares of GE Vernova by 10.0% during the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock worth $185,459,000 after purchasing an additional 66,455 shares during the period. Hanlon Investment Management Inc. purchased a new stake in GE Vernova in the 3rd quarter worth approximately $1,101,000. Atria Investments Inc grew its position in shares of GE Vernova by 127.0% in the 3rd quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock worth $1,297,000 after buying an additional 2,847 shares during the last quarter. Aspire Private Capital LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $40,000. Finally, Fractal Investments LLC purchased a new position in shares of GE Vernova during the third quarter valued at approximately $1,530,000.

GE Vernova Stock Down 1.0 %

Shares of NYSE:GEV opened at $335.35 on Thursday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $357.09. The stock’s fifty day moving average price is $292.35 and its 200-day moving average price is $218.58.

Analyst Ratings Changes

Several research firms recently weighed in on GEV. BMO Capital Markets lifted their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. William Blair initiated coverage on shares of GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 price target on the stock. Royal Bank of Canada raised their price objective on shares of GE Vernova from $285.00 to $376.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Truist Financial upped their target price on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $274.16.

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.