GE Vernova Inc. (NYSE:GEV) Shares Sold by Huntington National Bank

Huntington National Bank decreased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 33.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,109 shares of the company’s stock after selling 15,247 shares during the quarter. Huntington National Bank’s holdings in GE Vernova were worth $7,677,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Waverton Investment Management Ltd grew its holdings in shares of GE Vernova by 10.0% during the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after buying an additional 66,455 shares during the last quarter. Hanlon Investment Management Inc. acquired a new stake in GE Vernova during the 3rd quarter worth about $1,101,000. Aspire Private Capital LLC acquired a new stake in GE Vernova during the 2nd quarter worth about $40,000. Legal & General Group Plc purchased a new stake in GE Vernova during the 2nd quarter valued at about $293,699,000. Finally, Fractal Investments LLC acquired a new position in shares of GE Vernova in the third quarter valued at about $1,530,000.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GEV. Deutsche Bank Aktiengesellschaft assumed coverage on GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 target price for the company. Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. HSBC reiterated a “hold” rating and issued a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Barclays boosted their target price on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Seven investment 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $261.40.

GE Vernova Price Performance

GE Vernova stock opened at $326.04 on Friday. The company’s fifty day moving average price is $268.31 and its 200 day moving average price is $206.42. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79.

About GE Vernova

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.