Cladis Investment Advisory LLC Sells 243 Shares of GE Vernova Inc. (NYSE:GEV)

Cladis Investment Advisory LLC lessened its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 4.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,109 shares of the company’s stock after selling 243 shares during the period. Cladis Investment Advisory LLC’s holdings in GE Vernova were worth $1,303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC grew its holdings in GE Vernova by 2.5% during the 3rd quarter. FMR LLC now owns 24,047,678 shares of the company’s stock worth $6,131,677,000 after acquiring an additional 584,208 shares during the last quarter. Newport Trust Company LLC bought a new stake in shares of GE Vernova during the second quarter valued at approximately $650,140,000. Bank of New York Mellon Corp acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $537,674,000. WCM Investment Management LLC lifted its holdings in GE Vernova by 83.1% during the 3rd quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock worth $639,704,000 after buying an additional 1,161,901 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of GE Vernova in the 2nd quarter valued at $399,770,000.

GE Vernova Trading Down 0.4 %

Shares of GEV stock opened at $334.12 on Monday. The firm’s fifty day moving average price is $295.95 and its two-hundred day moving average price is $221.35. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $357.09.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Guggenheim initiated coverage on GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target on the stock. Truist Financial lifted their price target on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company initiated coverage on shares of GE Vernova in a research report on Thursday, November 21st. They set an “overweight” rating and a $385.00 target price for the company. Finally, Jefferies Financial Group lifted their price objective on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $274.16.

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.