Sippican Capital Advisors reduced its holdings in GE Vernova Inc. (NYSE:GEV – Free Report) by 51.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,038 shares of the company’s stock after selling 2,129 shares during the period. Sippican Capital Advisors’ holdings in GE Vernova were worth $520,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System bought a new stake in GE Vernova during the first quarter worth about $2,892,000. Boit C F David bought a new stake in shares of GE Vernova during the 1st quarter worth approximately $149,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova in the 1st quarter valued at approximately $30,000. Nwam LLC bought a new position in shares of GE Vernova in the first quarter valued at $1,531,000. Finally, LRI Investments LLC acquired a new position in GE Vernova during the first quarter worth $63,000.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. The Goldman Sachs Group lifted their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Oppenheimer initiated coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating for the company. 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. Evercore ISI lifted their target price on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley increased their price target on GE Vernova from $256.00 to $301.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $261.40.
GE Vernova Stock Up 0.3 %
Shares of NYSE:GEV traded up $0.81 during midday trading on Thursday, reaching $298.41. The company’s stock had a trading volume of 136,176 shares, compared to its average volume of 3,541,458. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $301.53. The firm has a 50 day moving average price of $241.78 and a two-hundred day moving average price of $193.61.
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.
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