GE Vernova Inc. (NYSE:GEV) Stake Lowered by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd decreased its stake in GE Vernova Inc. (NYSE:GEV) by 42.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,634 shares of the company’s stock after selling 8,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in GE Vernova were worth $2,711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GEV. Bank of Montreal Can boosted its position in shares of GE Vernova by 10.5% during the third quarter. Bank of Montreal Can now owns 445,407 shares of the company’s stock worth $111,289,000 after buying an additional 42,234 shares during the period. Associated Banc Corp raised its stake in GE Vernova by 80.2% during the 3rd quarter. Associated Banc Corp now owns 2,601 shares of the company’s stock valued at $663,000 after acquiring an additional 1,158 shares in the last quarter. DRW Securities LLC acquired a new position in GE Vernova during the 3rd quarter worth $403,000. Independent Advisor Alliance grew its stake in shares of GE Vernova by 14.0% in the third quarter. Independent Advisor Alliance now owns 5,075 shares of the company’s stock worth $1,294,000 after purchasing an additional 624 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of GE Vernova by 83.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 11,579 shares of the company’s stock valued at $2,951,000 after purchasing an additional 5,276 shares during the period.

Analyst Ratings Changes

GEV has been the subject of several research analyst reports. Evercore ISI upped their price objective 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. The Goldman Sachs Group increased their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company started coverage on shares of GE Vernova in a research note on Thursday, November 21st. They set an “overweight” rating and a $385.00 price objective on the stock. HSBC restated a “hold” rating and issued 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 boosted their price objective on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $274.16.

GE Vernova Stock Performance

GEV opened at $335.35 on Thursday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $357.09. The stock has a fifty day moving average of $292.35 and a 200-day moving average of $218.58.

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.