GE Vernova Inc. (NYSE:GEV) Stake Trimmed by Clean Energy Transition LLP

Clean Energy Transition LLP cut its position in shares of GE Vernova Inc. (NYSE:GEV) by 13.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 652,431 shares of the company’s stock after selling 102,672 shares during the quarter. GE Vernova accounts for 8.5% of Clean Energy Transition LLP’s portfolio, making the stock its 3rd largest position. Clean Energy Transition LLP owned about 0.24% of GE Vernova worth $166,357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new stake in shares of GE Vernova in the 1st quarter valued at approximately $165,000. Transcend Capital Advisors LLC acquired a new stake in shares of GE Vernova in the second quarter worth $529,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of GE Vernova during the second quarter valued at $171,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in GE Vernova during the second quarter valued at $41,000. Finally, City State Bank purchased a new stake in GE Vernova in the 2nd quarter worth about $47,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Truist Financial upped their target price on GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group increased their target price on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research 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. HSBC reaffirmed a “hold” rating and issued a $255.00 price target (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Finally, 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 report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $274.16.

GE Vernova Trading Down 0.4 %

GE Vernova stock opened at $334.12 on Monday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $357.09. The business’s 50-day simple moving average is $295.95 and its 200-day simple moving average is $221.35.

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.