SeaCrest Wealth Management LLC Sells 329 Shares of GE Vernova Inc. (NYSE:GEV)

SeaCrest Wealth Management LLC reduced its holdings in GE Vernova Inc. (NYSE:GEV) by 3.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,139 shares of the company’s stock after selling 329 shares during the period. SeaCrest Wealth Management LLC’s holdings in GE Vernova were worth $2,330,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Newport Trust Company LLC bought a new position in GE Vernova during the second quarter worth $650,140,000. Bank of New York Mellon Corp bought a new position in shares of GE Vernova during the 2nd quarter worth about $537,674,000. Price T Rowe Associates Inc. MD acquired a new position in shares of GE Vernova during the first quarter valued at about $367,474,000. Marshall Wace LLP bought a new stake in shares of GE Vernova in the second quarter valued at about $399,770,000. Finally, Legal & General Group Plc bought a new stake in shares of GE Vernova in the second quarter valued at about $293,699,000.

Analysts Set New Price Targets

Several research firms have commented on GEV. Evercore ISI upped their price target on GE Vernova from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. The Goldman Sachs Group upped their target price on GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Morgan Stanley lifted their price target on shares of GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Oppenheimer initiated coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating for the company. Finally, Truist Financial began coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “buy” rating and a $300.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $243.78.

GE Vernova Trading Up 0.8 %

GE Vernova stock opened at $268.49 on Wednesday. The business has a fifty day simple moving average of $218.99. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $270.87.

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

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.