ING Groep NV Lowers Stock Position in GE Vernova Inc. (NYSE:GEV)

ING Groep NV cut its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 86.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,763 shares of the company's stock after selling 166,510 shares during the quarter. ING Groep NV's holdings in GE Vernova were worth $6,569,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova during the 2nd quarter worth $25,000. Trifecta Capital Advisors LLC purchased a new stake in GE Vernova during the 2nd quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in shares of GE Vernova during the 2nd quarter worth about $25,000. Global Trust Asset Management LLC purchased a new position in shares of GE Vernova in the 2nd quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in GE Vernova during the second quarter worth approximately $27,000.

Analyst Ratings Changes

Several brokerages have recently weighed in on GEV. Guggenheim initiated coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They set a "buy" rating and a $300.00 price objective for the company. William Blair started coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an "outperform" rating for the company. Raymond James lowered GE Vernova from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 2nd. Barclays boosted their target price on GE Vernova from $300.00 to $320.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada raised their price target on GE Vernova from $262.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Seven 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $264.55.

GE Vernova Trading Up 1.1 %

Shares of GE Vernova stock traded up $3.72 during trading on Friday, hitting $329.76. 2,931,274 shares of the company were exchanged, compared to its average volume of 3,524,734. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $349.79. The firm has a 50 day moving average price of $273.49 and a 200 day moving average price of $208.44.

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.