SouthState Corp Reduces Position in GE Vernova Inc. (NYSE:GEV)

SouthState Corp lessened its stake in shares of GE Vernova Inc. (NYSE:GEV) by 23.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 154 shares of the company’s stock after selling 46 shares during the quarter. SouthState Corp’s holdings in GE Vernova were worth $39,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Castleview Partners LLC purchased a new stake in shares of GE Vernova during the third quarter valued at approximately $28,000. Covestor Ltd lifted its stake in GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after acquiring an additional 46 shares during the period. Planning Capital Management Corp lifted its stake in GE Vernova by 1,000.0% in the third quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock worth $36,000 after acquiring an additional 130 shares during the period. Deseret Mutual Benefit Administrators purchased a new stake in GE Vernova in the second quarter worth $25,000. Finally, Trifecta Capital Advisors LLC purchased a new stake in GE Vernova in the second quarter worth $25,000.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Truist Financial raised their price target on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note 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. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price target for the company. JPMorgan Chase & Co. raised their price objective on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Guggenheim began coverage on GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average price target of $264.55.

GE Vernova Trading Up 0.8 %

NYSE GEV opened at $342.77 on Thursday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $349.79. The stock has a 50-day moving average of $281.39 and a 200 day moving average of $212.57.

About GE Vernova

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.