Swedbank AB Sells 45 Shares of GE Vernova Inc. (NYSE:GEV)

Swedbank AB lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 0.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,214 shares of the company’s stock after selling 45 shares during the quarter. Swedbank AB’s holdings in GE Vernova were worth $9,234,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Kozak & Associates Inc. bought a new stake in shares of GE Vernova during the 1st quarter valued at $115,000. LRI Investments LLC purchased a new position in shares of GE Vernova in the first quarter valued at about $63,000. Spear Holdings RSC Ltd bought a new position in shares of GE Vernova in the first quarter worth about $8,615,000. Cacti Asset Management LLC purchased a new stake in shares of GE Vernova during the first quarter worth about $798,000. Finally, EverSource Wealth Advisors LLC bought a new stake in GE Vernova during the 1st quarter valued at approximately $165,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GEV. HSBC reissued a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Royal Bank of Canada increased their price objective on shares of GE Vernova from $285.00 to $376.00 and gave the company an “outperform” rating in a report on Monday. Barclays lifted their target price on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Jefferies Financial Group increased their price target on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, BMO Capital Markets lifted their price objective on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $274.16.

GE Vernova Price Performance

Shares of GEV stock opened at $339.00 on Wednesday. The stock has a 50 day moving average price of $290.36 and a 200 day moving average price of $217.76. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $357.09.

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.