WESPAC Advisors SoCal LLC Invests $719,000 in GE Vernova Inc. (NYSE:GEV)

WESPAC Advisors SoCal LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the third quarter, Holdings Channel reports. The firm acquired 2,819 shares of the company’s stock, valued at approximately $719,000.

Several other large investors have also recently added to or reduced their stakes in GEV. Vaughan Nelson Investment Management L.P. purchased a new position in GE Vernova in the 3rd quarter valued at approximately $43,536,000. Natixis Advisors LLC boosted its holdings in GE Vernova by 36.9% in the third quarter. Natixis Advisors LLC now owns 210,939 shares of the company’s stock valued at $53,786,000 after purchasing an additional 56,907 shares during the period. Mizuho Securities USA LLC increased its holdings in GE Vernova by 66.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 35,124 shares of the company’s stock worth $8,956,000 after purchasing an additional 13,987 shares during the period. Meridian Investment Counsel Inc. raised its position in GE Vernova by 8.8% in the 3rd quarter. Meridian Investment Counsel Inc. now owns 3,626 shares of the company’s stock valued at $925,000 after purchasing an additional 294 shares in the last quarter. Finally, Coastline Trust Co purchased a new position in shares of GE Vernova in the 3rd quarter valued at about $40,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. BMO Capital Markets raised their target price 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. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Morgan Stanley increased their target price on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank of Canada lifted their price target on GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Mizuho raised their target price on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company 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. The business’s 50-day moving average price is $273.49 and its 200 day moving average price is $208.82. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $349.79.

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.