Southern Capital Advisors LLC Sells 164 Shares of GE Vernova Inc. (NYSE:GEV)

Southern Capital Advisors LLC decreased its holdings in GE Vernova Inc. (NYSE:GEV) by 6.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,295 shares of the company’s stock after selling 164 shares during the period. Southern Capital Advisors LLC’s holdings in GE Vernova were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Maryland State Retirement & Pension System purchased a new position in GE Vernova in the 1st quarter worth $2,892,000. Boit C F David acquired a new position in shares of GE Vernova during the 1st quarter valued at about $149,000. ANTIPODES PARTNERS Ltd acquired a new position in GE Vernova in the 1st quarter valued at about $30,000. Nwam LLC purchased a new position in GE Vernova in the first quarter worth approximately $1,531,000. Finally, LRI Investments LLC purchased a new position in shares of GE Vernova during the first quarter worth $63,000.

GE Vernova Stock Down 0.8 %

Shares of GEV opened at $291.13 on Monday. The stock’s fifty day simple moving average is $235.14 and its 200 day simple moving average is $190.64. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $298.81.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GEV. Barclays lifted their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday. Redburn Atlantic started coverage on GE Vernova in a report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective for the company. Finally, Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $261.40.

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.