GE Vernova Inc. (NYSE:GEV) Shares Sold by BLB&B Advisors LLC

BLB&B Advisors LLC reduced its holdings in GE Vernova Inc. (NYSE:GEV) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,336 shares of the company’s stock after selling 69 shares during the period. BLB&B Advisors LLC’s holdings in GE Vernova were worth $341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GEV. Aspire Private Capital LLC acquired a new stake in GE Vernova during the 2nd quarter worth about $40,000. Legal & General Group Plc acquired a new stake in GE Vernova during the second quarter worth about $293,699,000. Central Pacific Bank Trust Division raised its position 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 acquiring an additional 2,175 shares in the last quarter. Concourse Financial Group Securities Inc. lifted its holdings in GE Vernova by 75.6% in the third quarter. Concourse Financial Group Securities Inc. now owns 4,958 shares of the company’s stock valued at $1,264,000 after acquiring an additional 2,134 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in GE Vernova in the 3rd quarter worth approximately $2,042,000.

Analysts Set New Price Targets

GEV has been the subject of several recent research reports. Jefferies Financial Group lifted their target price on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a report on Friday, October 18th. Morgan Stanley lifted their price objective on shares of GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Oppenheimer assumed coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating on the stock. Evercore ISI lifted their price target on GE Vernova from $285.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, Redburn Atlantic began coverage on GE Vernova in a research report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price target on the stock. Seven investment 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 stock. According to MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average target price of $251.83.

GE Vernova Stock Up 1.2 %

NYSE:GEV opened at $279.83 on Thursday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $282.97. The stock has a 50 day moving average price of $230.78 and a 200 day moving average price of $187.97.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, equities analysts forecast that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal year.

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.