Webster Bank N. A. decreased its stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 28.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 442 shares of the company’s stock after selling 180 shares during the period. Webster Bank N. A.’s holdings in GE Vernova were worth $113,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GEV. Anderson Hoagland & Co. bought a new position in GE Vernova during the first quarter valued at approximately $1,720,000. Maryland State Retirement & Pension System bought a new position in GE Vernova during the first quarter valued at approximately $2,892,000. Boit C F David bought a new position in GE Vernova in the first quarter worth approximately $149,000. ANTIPODES PARTNERS Ltd bought a new position in GE Vernova in the first quarter worth approximately $30,000. Finally, Nwam LLC bought a new position in GE Vernova in the first quarter worth approximately $1,531,000.
GE Vernova Stock Performance
GE Vernova stock opened at $266.89 on Monday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $270.11. The stock’s fifty day moving average is $214.80.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on GEV. Daiwa Capital Markets began coverage on shares of GE Vernova in a research report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price target on the stock. Royal Bank of Canada increased their price target on shares of GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 17th. The Goldman Sachs Group increased their price target on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley increased their price target on shares of GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Finally, William Blair began coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $241.63.
Read Our Latest Analysis on GEV
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.
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