GE Vernova Inc. (NYSE:GEV) Shares Sold by PSI Advisors LLC

PSI Advisors LLC decreased its holdings in GE Vernova Inc. (NYSE:GEV) by 19.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 176 shares of the company’s stock after selling 43 shares during the period. PSI Advisors LLC’s holdings in GE Vernova were worth $45,000 at the end of the most recent quarter.

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

GE Vernova Price Performance

GEV opened at $297.00 on Friday. The business has a fifty day moving average price of $230.78 and a 200 day moving average price of $187.97. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $297.54.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. Research analysts anticipate that GE Vernova Inc. will post 3.21 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GEV shares. Mizuho raised their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Royal Bank of Canada raised their price target on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. William Blair started coverage on GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating for the company. Finally, Evercore ISI lifted their target price on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $261.40.

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.