GE Vernova Inc. (NYSE:GEV) Shares Sold by Field & Main Bank

Field & Main Bank decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,595 shares of the company’s stock after selling 34 shares during the quarter. Field & Main Bank’s holdings in GE Vernova were worth $407,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GEV. Newport Trust Company LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $650,140,000. Bank of New York Mellon Corp bought a new stake in GE Vernova in the second quarter valued at $537,674,000. Price T Rowe Associates Inc. MD acquired a new position in shares of GE Vernova during the first quarter valued at $367,474,000. Marshall Wace LLP bought a new position in shares of GE Vernova during the second quarter worth about $399,770,000. Finally, Legal & General Group Plc acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $293,699,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Mizuho lifted their price target on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Evercore ISI boosted their price target on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets raised their price target on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Royal Bank of Canada upped their price objective on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Oppenheimer began coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $341.18 on Friday. The company’s fifty day moving average is $260.05 and its two-hundred day moving average is $202.14. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $342.79.

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.