GE Vernova Inc. (NYSE:GEV) Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. trimmed its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 66.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,491 shares of the company's stock after selling 84,476 shares during the quarter. Braun Stacey Associates Inc.'s holdings in GE Vernova were worth $11,089,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GEV. Castleview Partners LLC purchased a new stake in GE Vernova in the 3rd quarter worth approximately $28,000. Covestor Ltd grew its position in shares of GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company's stock valued at $31,000 after purchasing an additional 46 shares during the period. Planning Capital Management Corp increased its stake in GE Vernova by 1,000.0% in the third quarter. Planning Capital Management Corp now owns 143 shares of the company's stock valued at $36,000 after purchasing an additional 130 shares during the last quarter. Deseret Mutual Benefit Administrators purchased a new position in GE Vernova during the second quarter worth about $25,000. Finally, Trifecta Capital Advisors LLC acquired a new stake in GE Vernova in the 2nd quarter worth about $25,000.

GE Vernova Stock Down 1.6 %

Shares of GE Vernova stock traded down $5.26 during trading hours on Monday, hitting $324.50. 1,266,627 shares of the company's stock traded hands, compared to its average volume of 3,510,316. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $349.79. The stock has a 50 day simple moving average of $273.49 and a 200-day simple moving average of $209.23.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price objective on shares of GE Vernova from $262.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. HSBC reaffirmed a "hold" rating and set a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Evercore ISI boosted their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. William Blair initiated coverage on GE Vernova in a research report on Thursday, August 29th. They issued an "outperform" rating on the stock. Finally, Jefferies Financial Group boosted their price target on GE Vernova from $293.00 to $336.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $264.55.

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.