Bridgewater Associates LP Sells 38,302 Shares of GE Vernova Inc. (NYSE:GEV)

Bridgewater Associates LP trimmed its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 52.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,036 shares of the company’s stock after selling 38,302 shares during the period. Bridgewater Associates LP’s holdings in GE Vernova were worth $8,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. increased its holdings in GE Vernova by 28.0% during the third quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock valued at $41,000 after buying an additional 35 shares during the period. SteelPeak Wealth LLC increased its holdings in shares of GE Vernova by 2.5% in the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after acquiring an additional 38 shares during the period. Global Retirement Partners LLC increased its holdings in shares of GE Vernova by 0.9% in the 3rd quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock valued at $1,149,000 after acquiring an additional 40 shares during the period. Whittier Trust Co. raised its position in shares of GE Vernova by 1.9% in the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock worth $537,000 after acquiring an additional 40 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of GE Vernova by 30.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock worth $47,000 after purchasing an additional 43 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GEV shares. Jefferies Financial Group boosted their target price on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. raised their target price on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Barclays upped their price target on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, William Blair assumed coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.16.

GE Vernova Stock Down 1.1 %

GE Vernova stock opened at $335.33 on Friday. The company has a fifty day simple moving average of $294.17 and a 200-day simple moving average of $219.39. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $357.09.

GE Vernova Company 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.