Braun Stacey Associates Inc. Has $11.09 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Braun Stacey Associates Inc. trimmed its position in GE Vernova Inc. (NYSE:GEV) by 66.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 43,491 shares of the company’s stock after selling 84,476 shares during the period. Braun Stacey Associates Inc.’s holdings in GE Vernova were worth $11,089,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in GEV. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova in the second quarter valued at about $25,000. Trifecta Capital Advisors LLC acquired a new position in GE Vernova during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in GE Vernova in the second quarter valued at $25,000. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova in the second quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $27,000.

GE Vernova Stock Up 1.1 %

GEV stock opened at $329.76 on Monday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $349.79. The stock’s 50 day simple moving average is $273.49 and its 200 day simple moving average is $209.23.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada raised their target price 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. Morgan Stanley raised their price target on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research report on Friday. HSBC reiterated a “hold” rating and set a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Bank of America upped their price target on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Oppenheimer assumed coverage on GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating for the company. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $264.55.

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.