Wescott Financial Advisory Group LLC Takes Position in GE Vernova Inc. (NYSE:GEV)

Wescott Financial Advisory Group LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the third quarter, according to its most recent filing with the SEC. The firm purchased 958 shares of the company’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of GEV. Okabena Investment Services Inc. acquired a new position in shares of GE Vernova during the 3rd quarter worth approximately $741,000. Algert Global LLC acquired a new position in shares of GE Vernova during the 3rd quarter worth approximately $5,171,000. Kingsview Wealth Management LLC raised its position in shares of GE Vernova by 1.6% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,723 shares of the company’s stock worth $1,714,000 after purchasing an additional 107 shares during the last quarter. Cerity Partners LLC raised its position in shares of GE Vernova by 28.8% during the 3rd quarter. Cerity Partners LLC now owns 53,533 shares of the company’s stock worth $13,650,000 after purchasing an additional 11,978 shares during the last quarter. Finally, Nicolet Advisory Services LLC acquired a new position in shares of GE Vernova during the 3rd quarter worth approximately $251,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of several research reports. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Royal Bank of Canada boosted their price target on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Morgan Stanley boosted their price target on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a report on Friday, November 15th. BMO Capital Markets boosted their price target on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group boosted their price target on GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $270.02.

GE Vernova Trading Up 2.7 %

Shares of NYSE GEV opened at $349.16 on Friday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $357.09. The stock has a fifty day moving average price of $286.37 and a 200 day moving average price of $215.05.

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.