PFG Investments LLC Sells 257 Shares of GE Vernova Inc. (NYSE:GEV)

PFG Investments LLC cut its stake in GE Vernova Inc. (NYSE:GEV) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,746 shares of the company’s stock after selling 257 shares during the quarter. PFG Investments LLC’s holdings in GE Vernova were worth $1,720,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GEV. Maryland State Retirement & Pension System purchased a new position in shares of GE Vernova during the 1st 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 bought a new stake in shares of GE Vernova during the 1st quarter worth approximately $30,000. Nwam LLC purchased a new position in GE Vernova during the 1st quarter valued at $1,531,000. Finally, LRI Investments LLC purchased a new stake in GE Vernova in the first quarter worth $63,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Evercore ISI boosted their target price on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley upped their target price on shares of GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research note on Thursday. Truist Financial lifted their price target on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets increased their price objective on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Jefferies Financial Group raised their price objective on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Stock Performance

Shares of GEV stock opened at $293.54 on Friday. The stock’s fifty day moving average price is $235.14 and its 200 day moving average price is $190.27. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $298.81.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. Sell-side analysts expect that GE Vernova Inc. will post 2.65 EPS for the current fiscal 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.