Huntington National Bank Has $7.68 Million Stake in GE Vernova Inc. (NYSE:GEV)

Huntington National Bank reduced its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 33.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,109 shares of the company's stock after selling 15,247 shares during the quarter. Huntington National Bank's holdings in GE Vernova were worth $7,677,000 at the end of the most recent reporting period.

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

GE Vernova Trading Up 1.1 %

GE Vernova stock traded up $3.72 during mid-day trading on Friday, reaching $329.76. The company had a trading volume of 2,928,981 shares, compared to its average volume of 3,524,734. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79. The stock's 50-day simple moving average is $270.87 and its 200-day simple moving average is $207.25.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GEV shares. Hsbc Global Res cut GE Vernova from a "strong-buy" rating to a "hold" rating in a report on Friday, October 4th. Barclays lifted their target price on GE Vernova from $300.00 to $320.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. HSBC reissued 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. Bank of America raised their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Mizuho upped their price target on shares of GE Vernova from $186.00 to $208.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Seven investment 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. Based on data from MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and an average target price of $264.55.

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.