Fortitude Family Office LLC Lowers Holdings in GE Vernova Inc. (NYSE:GEV)

Fortitude Family Office LLC reduced its position in GE Vernova Inc. (NYSE:GEV) by 46.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 149 shares of the company’s stock after selling 129 shares during the quarter. Fortitude Family Office LLC’s holdings in GE Vernova were worth $38,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of GEV. Castleview Partners LLC acquired a new position in shares of GE Vernova during the third quarter worth about $28,000. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova during the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC purchased a new position in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $25,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of GE Vernova in the second quarter valued at approximately $26,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Evercore ISI raised their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Redburn Atlantic started coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective on the stock. Truist Financial increased their target price on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Price Performance

Shares of GEV opened at $298.78 on Wednesday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $298.96. The company’s 50 day simple moving average is $239.51 and its 200 day simple moving average is $192.87.

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.