Financial Counselors Inc. Has $2.04 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Financial Counselors Inc. reduced its holdings in GE Vernova Inc. (NYSE:GEV) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,986 shares of the company’s stock after selling 84 shares during the quarter. Financial Counselors Inc.’s holdings in GE Vernova were worth $2,036,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GEV shares. Royal Bank of Canada boosted their price target on shares of GE Vernova from $285.00 to $376.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Truist Financial lifted their target price on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Bank of America boosted their price objective on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets upped their target price on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.16.

GE Vernova Price Performance

Shares of GEV opened at $334.29 on Friday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $357.09. The stock has a 50 day moving average price of $295.95 and a two-hundred day moving average price of $220.59.

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.