Financial Counselors Inc. Sells 84 Shares of GE Vernova Inc. (NYSE:GEV)

Financial Counselors Inc. trimmed its position in GE Vernova Inc. (NYSE:GEV) by 1.0% in the third quarter, HoldingsChannel reports. The firm owned 7,986 shares of the company’s stock after selling 84 shares during the quarter. Financial Counselors Inc.’s holdings in GE Vernova were worth $2,036,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova during the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova in the 2nd quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in shares of GE Vernova during the 2nd quarter valued at $25,000. Global Trust Asset Management LLC bought a new stake in shares of GE Vernova during the 2nd quarter worth $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in shares of GE Vernova during the 2nd quarter worth $27,000.

GE Vernova Stock Performance

GEV opened at $334.29 on Friday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $357.09. The company has a fifty day moving average price of $295.95 and a 200-day moving average price of $220.59.

Wall Street Analyst Weigh In

GEV has been the subject of a number of research analyst reports. Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Guggenheim assumed coverage on GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective for the company. Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Morgan Stanley increased their price target on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and a consensus target price of $274.16.

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.