GE Vernova Inc. (NYSE:GEV) Shares Sold by Parthenon LLC

Parthenon LLC lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 28.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,881 shares of the company’s stock after selling 1,567 shares during the period. Parthenon LLC’s holdings in GE Vernova were worth $990,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Pittenger & Anderson Inc. grew its position in GE Vernova by 28.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock worth $41,000 after purchasing an additional 35 shares during the last quarter. SteelPeak Wealth LLC grew its holdings in GE Vernova by 2.5% in the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock worth $400,000 after buying an additional 38 shares in the last quarter. Global Retirement Partners LLC grew its holdings in GE Vernova by 0.9% in the 3rd quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after buying an additional 40 shares in the last quarter. Whittier Trust Co. increased its position in GE Vernova by 1.9% in the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock valued at $537,000 after acquiring an additional 40 shares during the period. Finally, Rosenberg Matthew Hamilton raised its stake in GE Vernova by 30.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock valued at $47,000 after acquiring an additional 43 shares in the last quarter.

GE Vernova Trading Up 4.9 %

GE Vernova stock traded up $15.76 during midday trading on Wednesday, reaching $339.47. The stock had a trading volume of 1,221,699 shares, compared to its average volume of 3,523,714. The firm’s fifty day simple moving average is $265.64 and its two-hundred day simple moving average is $205.53. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $349.79.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of research analyst reports. Evercore ISI raised their price target on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Royal Bank of Canada raised their price objective on shares of GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets boosted their target price on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

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.