GE Vernova Inc. (NYSE:GEV) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC trimmed its holdings in GE Vernova Inc. (NYSE:GEV) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,645 shares of the company’s stock after selling 217 shares during the period. Sargent Investment Group LLC’s holdings in GE Vernova were worth $929,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Nwam LLC acquired a new position in shares of GE Vernova in the first quarter valued at approximately $1,531,000. LRI Investments LLC purchased a new position in GE Vernova in the first quarter valued at approximately $63,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of GE Vernova during the 1st quarter worth approximately $367,474,000. Steadfast Capital Management LP acquired a new position in shares of GE Vernova in the 1st quarter valued at $80,235,000. Finally, Kinetic Partners Management LP acquired a new stake in GE Vernova during the 1st quarter worth $20,854,000.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GEV shares. Bank of America boosted their target price on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Evercore ISI increased their price target on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets boosted their target price on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Jefferies Financial Group upped their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Price Performance

Shares of NYSE:GEV traded down $1.43 during midday trading on Thursday, hitting $331.83. 753,630 shares of the stock were exchanged, compared to its average volume of 3,517,892. The business’s fifty day simple moving average is $268.31 and its two-hundred day simple moving average is $206.42. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $349.79.

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.