Sun Sep 15 16:16:53 UTC 2024: ## HBK Sorce Advisory Invests in GE Vernova, Joining Growing List of Bullish Investors
**New York, NY (MarketBeat News)** – HBK Sorce Advisory LLC has joined the ranks of investors betting on the future of GE Vernova Inc. (NYSE: GEV), snapping up a new position in the energy business company during the second quarter. The fund acquired 3,856 shares, valued at approximately $661,000, according to their recent Form 13F filing with the Securities and Exchange Commission (SEC).
This investment comes amidst a wave of optimism surrounding GE Vernova, with several other large investors also making significant moves. Anderson Hoagland & Co., Maryland State Retirement & Pension System, Valeo Financial Advisors LLC, Boit C F David, and ANTIPODES PARTNERS Ltd all acquired new stakes in the company during the first quarter, indicating widespread confidence in its prospects.
GE Vernova operates in three segments: Power, Wind, and Electrification, generating and selling electricity through a range of sources including hydro, gas, nuclear, and steam power, along with providing wind turbine blades, grid solutions, power conversion, solar, and storage solutions.
Analysts are also bullish on GE Vernova. Evercore ISI, Royal Bank of Canada, Citigroup, Hsbc Global Res, and JPMorgan Chase & Co. have all recently issued positive research reports, with several raising their price targets and issuing “buy” ratings. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” with a consensus target price of $203.03.
While the company’s stock has experienced a 12-month low of $115.00, it has also reached a high of $228.68, indicating potential for further growth. HBK Sorce Advisory’s entry into the fold, alongside the numerous other positive developments, suggests that GE Vernova is well-positioned to continue its upward trajectory.
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