GE Vernova Inc. (NYSE:GEV) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. trimmed its position in shares of GE Vernova Inc. (NYSE:GEV) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,739 shares of the company’s stock after selling 97 shares during the period. Great Valley Advisor Group Inc.’s holdings in GE Vernova were worth $698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators bought a new position in GE Vernova in the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC bought a new position in shares of GE Vernova in the second quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in shares of GE Vernova during the second quarter valued at $25,000. Global Trust Asset Management LLC bought a new stake in shares of GE Vernova during the second quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in GE Vernova in the second quarter worth about $27,000.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Oppenheimer began coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating on the stock. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. William Blair initiated coverage on GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating on the stock. Bank of America increased their price target 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, Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and a consensus target price of $274.16.

GE Vernova Price Performance

NYSE:GEV opened at $339.00 on Wednesday. The business’s fifty day moving average price is $290.36 and its 200 day moving average price is $217.76. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $357.09.

GE Vernova Company 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.