GE Vernova Inc. (NYSE:GEV) Shares Sold by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV trimmed its holdings in GE Vernova Inc. (NYSE:GEV) by 6.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,452 shares of the company’s stock after selling 168 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in GE Vernova were worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GEV. Key Financial Inc raised its holdings in GE Vernova by 13.6% in the 3rd quarter. Key Financial Inc now owns 660 shares of the company’s stock valued at $168,000 after acquiring an additional 79 shares during the last quarter. Mathes Company Inc. grew its position in shares of GE Vernova by 178.6% in the third quarter. Mathes Company Inc. now owns 24,433 shares of the company’s stock valued at $6,230,000 after purchasing an additional 15,662 shares in the last quarter. Silvant Capital Management LLC increased its holdings in shares of GE Vernova by 83.6% in the third quarter. Silvant Capital Management LLC now owns 61,159 shares of the company’s stock valued at $15,594,000 after purchasing an additional 27,848 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in GE Vernova by 75.6% during the third quarter. Chicago Partners Investment Group LLC now owns 5,913 shares of the company’s stock worth $1,655,000 after buying an additional 2,546 shares in the last quarter. Finally, Capital Advisors Inc. OK boosted its stake in GE Vernova by 2.0% during the third quarter. Capital Advisors Inc. OK now owns 212,381 shares of the company’s stock worth $54,153,000 after buying an additional 4,238 shares during the last quarter.

Analyst Ratings Changes

GEV has been the subject of a number of recent research reports. Evercore ISI raised their target price on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. HSBC reaffirmed a “hold” rating and set a $255.00 target price (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. BMO Capital Markets increased their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada raised their price target on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Stock Down 0.2 %

Shares of GEV stock traded down $0.57 during trading hours on Friday, reaching $301.09. 2,702,214 shares of the stock were exchanged, compared to its average volume of 3,551,795. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $311.58. The business’s fifty day moving average is $246.45 and its two-hundred day moving average is $195.53.

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.