Moody Lynn & Lieberson LLC Sells 24,950 Shares of GE Vernova Inc. (NYSE:GEV)

Moody Lynn & Lieberson LLC decreased its holdings in GE Vernova Inc. (NYSE:GEV) by 38.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,489 shares of the company’s stock after selling 24,950 shares during the period. Moody Lynn & Lieberson LLC’s holdings in GE Vernova were worth $10,324,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Newport Trust Company LLC purchased a new stake in GE Vernova in the 2nd quarter worth about $650,140,000. Bank of New York Mellon Corp purchased a new stake in GE Vernova in the 2nd quarter worth about $537,674,000. Price T Rowe Associates Inc. MD purchased a new stake in GE Vernova in the 1st quarter worth about $367,474,000. Marshall Wace LLP purchased a new stake in GE Vernova in the 2nd quarter worth about $399,770,000. Finally, Legal & General Group Plc purchased a new stake in GE Vernova in the 2nd quarter worth about $293,699,000.

GE Vernova Stock Performance

Shares of GEV opened at $297.00 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $297.54. The company has a 50 day moving average of $230.78 and a two-hundred day moving average of $187.97.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. Equities analysts expect that GE Vernova Inc. will post 3.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Royal Bank of Canada raised their target price on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday. Mizuho raised their target price on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. HSBC reaffirmed a “hold” rating and set a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Finally, Bank of America raised their target price on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $261.40.

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.