GE Vernova Inc. (NYSE:GEV) Position Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 29.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,002 shares of the company’s stock after selling 16,973 shares during the period. Nisa Investment Advisors LLC’s holdings in GE Vernova were worth $10,455,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Aspire Private Capital LLC bought a new stake in GE Vernova during the second quarter valued at $40,000. Legal & General Group Plc bought a new stake in GE Vernova during the second quarter valued at $293,699,000. Central Pacific Bank Trust Division increased its stake in GE Vernova by 1,242.9% during the third quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock valued at $599,000 after purchasing an additional 2,175 shares during the last quarter. Concourse Financial Group Securities Inc. increased its stake in GE Vernova by 75.6% during the third quarter. Concourse Financial Group Securities Inc. now owns 4,958 shares of the company’s stock valued at $1,264,000 after purchasing an additional 2,134 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in GE Vernova during the third quarter valued at $2,042,000.

GE Vernova Stock Down 0.4 %

GEV stock opened at $297.60 on Thursday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $301.53. The firm has a 50-day moving average of $241.78 and a two-hundred day moving average of $193.61.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 target price for the company. Evercore ISI upped their price target on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Truist Financial upped their price target on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada upped their price target on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Seven 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $261.40.

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.