Crestwood Advisors Group LLC Reduces Holdings in GE Vernova Inc. (NYSE:GEV)

Crestwood Advisors Group LLC lessened its position in shares of GE Vernova Inc. (NYSE:GEVFree Report) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,465 shares of the company’s stock after selling 149 shares during the quarter. Crestwood Advisors Group LLC’s holdings in GE Vernova were worth $629,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GEV. ANTIPODES PARTNERS Ltd purchased a new stake in GE Vernova in the first quarter valued at $30,000. Nwam LLC purchased a new stake in GE Vernova in the 1st quarter valued at about $1,531,000. LRI Investments LLC acquired a new position in GE Vernova in the first quarter valued at about $63,000. Price T Rowe Associates Inc. MD purchased a new position in GE Vernova during the first quarter worth about $367,474,000. Finally, Steadfast Capital Management LP acquired a new stake in shares of GE Vernova during the first quarter valued at about $80,235,000.

GE Vernova Price Performance

GEV stock opened at $336.22 on Thursday. The company’s 50 day moving average is $254.36 and its two-hundred day moving average is $199.77. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $338.58.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GEV shares. The Goldman Sachs Group increased their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Guggenheim began coverage on GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective for the company. Morgan Stanley increased their target price on GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Barclays lifted their target price on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group increased their price target 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. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

Read Our Latest Research Report on GE Vernova

GE Vernova Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

Receive News & Ratings for GE Vernova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Vernova and related companies with MarketBeat.com's FREE daily email newsletter.