GE Vernova Inc. (NYSE:GEV) Shares Sold by Howe & Rusling Inc.

Howe & Rusling Inc. lessened its stake in GE Vernova Inc. (NYSE:GEV) by 27.3% during the third quarter, HoldingsChannel.com reports. The firm owned 930 shares of the company’s stock after selling 350 shares during the period. Howe & Rusling Inc.’s holdings in GE Vernova were worth $237,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Newport Trust Company LLC acquired a new stake in GE Vernova during the second quarter valued at approximately $650,140,000. Bank of New York Mellon Corp acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $537,674,000. Price T Rowe Associates Inc. MD bought a new stake in shares of GE Vernova in the 1st quarter valued at approximately $367,474,000. Marshall Wace LLP acquired a new stake in shares of GE Vernova during the 2nd quarter valued at approximately $399,770,000. Finally, Legal & General Group Plc bought a new position in GE Vernova during the second quarter worth $293,699,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GEV. Mizuho increased their target price on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Guggenheim began coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 target price for the company. Truist Financial increased their price target on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their price target on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average price target of $264.55.

GE Vernova Stock Performance

GEV stock opened at $342.77 on Thursday. The firm’s 50-day moving average is $281.39 and its two-hundred day moving average is $212.57. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $349.79.

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.