Hancock Whitney Corp Has $543,000 Position in GE Vernova Inc. (NYSE:GEV)

Hancock Whitney Corp decreased its position in shares of GE Vernova Inc. (NYSE:GEV) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,130 shares of the company’s stock after selling 150 shares during the period. Hancock Whitney Corp’s holdings in GE Vernova were worth $543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Waverton Investment Management Ltd raised its stake in GE Vernova by 10.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock worth $185,459,000 after purchasing an additional 66,455 shares in the last quarter. Hanlon Investment Management Inc. acquired a new stake in shares of GE Vernova in the third quarter valued at approximately $1,101,000. Atria Investments Inc boosted its stake in shares of GE Vernova by 127.0% in the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after buying an additional 2,847 shares during the period. Aspire Private Capital LLC acquired a new stake in GE Vernova during the second quarter worth approximately $40,000. Finally, Fractal Investments LLC bought a new position in GE Vernova during the 3rd quarter worth $1,530,000.

GE Vernova Stock Up 3.0 %

Shares of GEV opened at $339.00 on Wednesday. The stock’s 50-day moving average price is $290.36 and its two-hundred day moving average price is $217.76. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $357.09.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 price objective on the stock. Morgan Stanley boosted their target price on shares of GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Barclays increased their price target on shares of GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $274.16.

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.