Grandfield & Dodd LLC Sells 15,772 Shares of GE Vernova Inc. (NYSE:GEV)

Grandfield & Dodd LLC decreased its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 23.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,413 shares of the company's stock after selling 15,772 shares during the period. Grandfield & Dodd LLC's holdings in GE Vernova were worth $12,854,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GEV. Newport Trust Company LLC purchased a new stake in GE Vernova during the 2nd quarter worth $650,140,000. Bank of New York Mellon Corp acquired a new position in GE Vernova during the 2nd quarter valued at about $537,674,000. Price T Rowe Associates Inc. MD acquired a new position in GE Vernova during the 1st quarter valued at about $367,474,000. Marshall Wace LLP acquired a new position in GE Vernova during the 2nd quarter valued at about $399,770,000. Finally, Legal & General Group Plc acquired a new stake in shares of GE Vernova in the 2nd quarter worth approximately $293,699,000.

GE Vernova Stock Up 0.8 %

Shares of GEV traded up $2.77 during mid-day trading on Wednesday, reaching $342.77. 2,583,552 shares of the stock traded hands, compared to its average volume of 3,500,931. The firm has a fifty day moving average price of $278.72 and a 200 day moving average price of $211.66. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GEV shares. Oppenheimer started coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a "market perform" rating for the company. Hsbc Global Res downgraded shares of GE Vernova from a "strong-buy" rating to a "hold" rating in a report on Friday, October 4th. Royal Bank of Canada boosted their target price 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. BMO Capital Markets boosted their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Finally, William Blair assumed coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an "outperform" rating on the stock. Seven 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 an average rating of "Moderate Buy" and an average price target of $264.55.

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.