Cobblestone Capital Advisors LLC NY Grows Stock Position in GE Vernova Inc. (NYSE:GEV)

Cobblestone Capital Advisors LLC NY increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 3.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,853 shares of the company’s stock after purchasing an additional 68 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in GE Vernova were worth $472,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Castleview Partners LLC purchased a new stake in shares of GE Vernova during the third quarter worth $28,000. Covestor Ltd grew its stake in GE Vernova by 61.3% during the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after acquiring an additional 46 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in GE Vernova in the 3rd quarter valued at about $31,000. Planning Capital Management Corp raised its holdings in GE Vernova by 1,000.0% in the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock valued at $36,000 after acquiring an additional 130 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators purchased a new position in GE Vernova in the 2nd quarter worth approximately $25,000.

Analyst Ratings Changes

GEV has been the subject of a number of analyst reports. Barclays upped their price target on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Bank of America raised their target price on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company began coverage on shares of GE Vernova in a research report on Thursday, November 21st. They set an “overweight” rating and a $385.00 price target on the stock. Oppenheimer started coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $274.16.

GE Vernova Price Performance

NYSE GEV opened at $334.12 on Monday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $357.09. The firm has a 50 day simple moving average of $295.95 and a 200-day simple moving average of $221.35.

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.