KBC Group NV Buys 4,460 Shares of GE Vernova Inc. (NYSE:GEV)

KBC Group NV boosted its stake in GE Vernova Inc. (NYSE:GEV) by 13.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,126 shares of the company’s stock after purchasing an additional 4,460 shares during the quarter. KBC Group NV’s holdings in GE Vernova were worth $9,466,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova during the 2nd quarter worth about $25,000. Trifecta Capital Advisors LLC acquired a new position in GE Vernova during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new stake in GE Vernova in the second quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new stake in GE Vernova in the second quarter worth $26,000. Finally, Timber Creek Capital Management LLC bought a new position in shares of GE Vernova during the second quarter worth $27,000.

Wall Street Analyst Weigh In

GEV has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Truist Financial raised their price target on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. BMO Capital Markets raised their target price on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Royal Bank of Canada lifted their price target on shares of GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus target price of $264.55.

GE Vernova Price Performance

NYSE:GEV opened at $329.76 on Friday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $349.79. The firm has a fifty day simple moving average of $273.49 and a 200 day simple moving average of $208.44.

About GE Vernova

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.