Kayne Anderson Capital Advisors LP Lowers Stake in GE Vernova Inc. (NYSE:GEV)

Kayne Anderson Capital Advisors LP lessened its stake in GE Vernova Inc. (NYSE:GEV) by 26.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,503 shares of the company’s stock after selling 8,757 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in GE Vernova were worth $6,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Waverton Investment Management Ltd lifted its holdings in shares of 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 buying an additional 66,455 shares during the period. Hanlon Investment Management Inc. bought a new stake in shares of GE Vernova in the 3rd quarter valued at about $1,101,000. Aspire Private Capital LLC purchased a new stake in shares of GE Vernova in the 2nd quarter worth approximately $40,000. Legal & General Group Plc bought a new position in GE Vernova in the second quarter worth approximately $293,699,000. Finally, Fractal Investments LLC purchased a new stake in GE Vernova during the third quarter worth $1,530,000.

GE Vernova Stock Up 1.1 %

GEV opened at $329.76 on Monday. The firm’s fifty day simple moving average is $273.49 and its two-hundred day simple moving average is $209.23. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $349.79.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GEV shares. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada increased their price objective on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Mizuho boosted their target price on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. BMO Capital Markets increased their price objective on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 target price on the stock. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $264.55.

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.