John G Ullman & Associates Inc. Trims Position in GE Vernova Inc. (NYSE:GEV)

John G Ullman & Associates Inc. lowered its holdings in GE Vernova Inc. (NYSE:GEV) by 4.6% in the third quarter, Holdings Channel.com reports. The firm owned 3,929 shares of the company’s stock after selling 190 shares during the period. John G Ullman & Associates Inc.’s holdings in GE Vernova were worth $1,002,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GEV. Waverton Investment Management Ltd lifted its holdings in shares of GE Vernova by 10.0% during the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock worth $185,459,000 after acquiring an additional 66,455 shares during the period. Hanlon Investment Management Inc. purchased a new position in shares of GE Vernova in the 3rd quarter worth about $1,101,000. Atria Investments Inc lifted its stake in shares of GE Vernova by 127.0% in the 3rd quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after purchasing an additional 2,847 shares in the last quarter. Aspire Private Capital LLC purchased a new stake in shares of GE Vernova during the 2nd quarter worth about $40,000. Finally, Legal & General Group Plc purchased a new stake in GE Vernova during the 2nd quarter worth $293,699,000.

GE Vernova Stock Up 0.8 %

NYSE:GEV opened at $342.77 on Thursday. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $349.79. The stock’s 50-day simple moving average is $281.39 and its 200 day simple moving average is $212.57.

Wall Street Analyst Weigh In

Several research firms have issued reports on GEV. Oppenheimer started coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. Wells Fargo & Company began coverage on GE Vernova in a research report on Thursday. They set an “overweight” rating and a $385.00 price target on the stock. BMO Capital Markets upped their target price on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Jefferies Financial Group raised their price target on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Bank of America lifted their price target on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $270.02.

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.