Mutual of America Capital Management LLC Sells 1,504 Shares of GE Vernova Inc. (NYSE:GEV)

Mutual of America Capital Management LLC trimmed its holdings in GE Vernova Inc. (NYSE:GEV) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,613 shares of the company’s stock after selling 1,504 shares during the quarter. Mutual of America Capital Management LLC’s holdings in GE Vernova were worth $10,101,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LRI Investments LLC bought a new position in GE Vernova in the 1st quarter valued at $63,000. Price T Rowe Associates Inc. MD bought a new position in shares of GE Vernova in the first quarter worth about $367,474,000. Steadfast Capital Management LP purchased a new position in GE Vernova in the 1st quarter worth about $80,235,000. Kinetic Partners Management LP bought a new stake in GE Vernova during the 1st quarter valued at about $20,854,000. Finally, Yaupon Capital Management LP purchased a new stake in GE Vernova in the 1st quarter valued at about $10,256,000.

Analysts Set New Price Targets

GEV has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their target price on GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Barclays increased their price target on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley upped their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $264.55.

GE Vernova Stock Up 1.1 %

Shares of NYSE:GEV opened at $329.76 on Monday. The business’s 50-day moving average is $273.49 and its 200 day moving average is $209.23. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79.

GE Vernova 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.