AM Investment Strategies LLC Lowers Stock Holdings in GE Vernova Inc. (NYSE:GEV)

AM Investment Strategies LLC cut its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 34.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,771 shares of the company’s stock after selling 5,202 shares during the period. GE Vernova comprises about 0.6% of AM Investment Strategies LLC’s portfolio, making the stock its 25th biggest position. AM Investment Strategies LLC’s holdings in GE Vernova were worth $2,491,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Boit C F David purchased a new stake in GE Vernova during the 1st quarter worth approximately $149,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova in the first quarter valued at $30,000. Nwam LLC purchased a new position in GE Vernova in the first quarter valued at $1,531,000. LRI Investments LLC acquired a new position in GE Vernova during the 1st quarter worth $63,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in GE Vernova during the 1st quarter worth about $367,474,000.

GE Vernova Stock Down 0.2 %

GE Vernova stock traded down $0.57 during trading hours on Friday, reaching $301.09. 2,702,214 shares of the stock were exchanged, compared to its average volume of 3,551,795. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $311.58. The firm’s 50 day moving average is $246.45 and its 200 day moving average is $195.53.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GEV shares. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Evercore ISI lifted their price target on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America lifted their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Finally, Mizuho upped their price objective on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $261.40.

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.