UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 460,834 Shares of GE Vernova Inc. (NYSE:GEV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of GE Vernova Inc. (NYSE:GEV) by 34.1% during the third quarter, HoldingsChannel reports. The fund owned 1,812,192 shares of the company’s stock after acquiring an additional 460,834 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in GE Vernova were worth $462,073,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova during the second quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of GE Vernova during the second quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in shares of GE Vernova during the second quarter valued at $25,000. Global Trust Asset Management LLC purchased a new stake in shares of GE Vernova during the second quarter valued at $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in shares of GE Vernova during the second quarter valued at $27,000.

GE Vernova Stock Performance

GEV opened at $335.33 on Friday. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $357.09. The firm’s 50-day moving average price is $294.17 and its 200-day moving average price is $219.39.

Analysts Set New Price Targets

GEV has been the subject of a number of research reports. Morgan Stanley upped their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. William Blair initiated coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $274.16.

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.