Los Angeles Capital Management LLC Decreases Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Los Angeles Capital Management LLC reduced its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,345 shares of the company’s stock after selling 37 shares during the quarter. Los Angeles Capital Management LLC’s holdings in GE Vernova were worth $343,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Deseret Mutual Benefit Administrators purchased a new position in shares of GE Vernova in the second quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new position in shares of GE Vernova in the second quarter valued at $25,000. Meeder Asset Management Inc. purchased a new position in shares of GE Vernova in the second quarter valued at $25,000. Global Trust Asset Management LLC purchased a new position in shares of GE Vernova in the second quarter valued at $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in shares of GE Vernova in the second quarter valued at $27,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GEV shares. Oppenheimer started coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating for the company. Evercore ISI upped their target price on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Jefferies Financial Group upped their price target 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. William Blair started coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Finally, Mizuho upped their price target on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $264.55.

GE Vernova Stock Performance

GE Vernova stock opened at $329.76 on Monday. The company has a 50-day simple moving average of $273.49 and a 200-day simple moving average of $209.23. GE Vernova Inc. has a one year low of $115.00 and a one year high of $349.79.

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.