GE Vernova (NYSE:GEV) Trading Down 1.3% – Time to Sell?

GE Vernova Inc. (NYSE:GEV) fell 1.3% on Monday . The company traded as low as $289.11 and last traded at $289.86. 594,817 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 3,573,457 shares. The stock had previously closed at $293.54.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GEV. BMO Capital Markets upped their price target on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. William Blair began coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price target on the stock. Hsbc Global Res downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Stock Performance

The business has a 50-day moving average of $239.51 and a two-hundred day moving average of $192.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GEV. Deseret Mutual Benefit Administrators bought a new position in GE Vernova in the second quarter worth $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova in the second quarter worth $25,000. Meeder Asset Management Inc. bought a new position in GE Vernova in the second quarter worth $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova in the second quarter worth $26,000. Finally, Timber Creek Capital Management LLC bought a new position in GE Vernova in the second quarter worth $27,000.

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.