Highland Capital Management LLC Sells 1,163 Shares of GE Vernova Inc. (NYSE:GEV)

Highland Capital Management LLC trimmed its position in GE Vernova Inc. (NYSE:GEV) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,143 shares of the company’s stock after selling 1,163 shares during the quarter. Highland Capital Management LLC’s holdings in GE Vernova were worth $8,451,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GEV. Deseret Mutual Benefit Administrators bought a new position in GE Vernova in the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova during the second quarter valued at $25,000. Meeder Asset Management Inc. purchased a new position in GE Vernova during the second quarter worth about $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova in the 2nd quarter worth about $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in shares of GE Vernova in the 2nd quarter valued at about $27,000.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $293.50 on Friday. The stock’s 50-day moving average is $232.95 and its 200 day moving average is $188.73. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $298.81.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. As a group, analysts forecast that GE Vernova Inc. will post 3.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GEV. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday. Morgan Stanley increased their price target on shares of GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a report on Thursday. Royal Bank of Canada lifted their price objective on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday. Bank of America increased their target price on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Evercore ISI lifted their price target on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Thursday. 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.40.

About GE Vernova

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.