GE Vernova Inc. (NYSE:GEV) Shares Sold by Parthenon LLC

Parthenon LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 28.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,881 shares of the company's stock after selling 1,567 shares during the quarter. Parthenon LLC's holdings in GE Vernova were worth $990,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Newport Trust Company LLC acquired a new position in shares of GE Vernova during the 2nd quarter valued at about $650,140,000. Bank of New York Mellon Corp acquired a new position in GE Vernova in the 2nd quarter valued at about $537,674,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of GE Vernova in the 1st quarter valued at approximately $367,474,000. WCM Investment Management LLC increased its holdings in shares of 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 during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of GE Vernova during the 2nd quarter valued at approximately $399,770,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of several recent analyst reports. Oppenheimer assumed coverage on GE Vernova in a research note on Thursday, September 26th. They set a "market perform" rating for the company. Hsbc Global Res downgraded GE Vernova from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 4th. Raymond James cut shares of GE Vernova from an "outperform" rating to a "market perform" rating in a research report on Wednesday, October 2nd. Bank of America lifted their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, William Blair began coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an "outperform" rating on the stock. Seven equities research 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's stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus price target of $261.40.

GE Vernova Stock Up 3.0 %

NYSE:GEV traded up $9.61 during mid-day trading on Wednesday, hitting $333.32. The stock had a trading volume of 3,053,805 shares, compared to its average volume of 3,535,161. 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 $265.64 and a two-hundred day simple moving average of $205.53.

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.