CVA Family Office LLC Invests $78,000 in GE Vernova Inc. (NYSE:GEV)

CVA Family Office LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 456 shares of the company’s stock, valued at approximately $78,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GEV. Price T Rowe Associates Inc. MD bought a new stake in shares of GE Vernova during the 1st quarter worth approximately $367,474,000. Steadfast Capital Management LP bought a new position in GE Vernova in the 1st quarter valued at approximately $80,235,000. Kinetic Partners Management LP bought a new position in GE Vernova in the 1st quarter valued at approximately $20,854,000. Douglas Lane & Associates LLC bought a new position in GE Vernova in the 2nd quarter valued at approximately $16,898,000. Finally, Yaupon Capital Management LP bought a new position in GE Vernova in the 1st quarter valued at approximately $10,256,000.

GE Vernova Trading Up 1.1 %

NYSE:GEV traded up $1.83 during trading hours on Wednesday, reaching $166.18. The company had a trading volume of 3,312,215 shares, compared to its average volume of 4,132,861. The stock has a 50-day moving average price of $171.60. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $185.50.

Analyst Ratings Changes

Several brokerages recently commented on GEV. Melius began coverage on shares of GE Vernova in a research note on Monday, April 22nd. They issued a “hold” rating and a $147.00 price objective for the company. Daiwa Capital Markets began coverage on shares of GE Vernova in a research note on Friday, June 21st. They issued an “outperform” rating and a $201.50 price objective for the company. Citigroup assumed coverage on shares of GE Vernova in a research note on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price objective for the company. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Finally, Mizuho upped their price target on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $188.04.

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.