Kayne Anderson Capital Advisors LP Decreases Holdings in GE Vernova Inc. (NYSE:GEV)

Kayne Anderson Capital Advisors LP lowered its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 26.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,503 shares of the company's stock after selling 8,757 shares during the quarter. Kayne Anderson Capital Advisors LP's holdings in GE Vernova were worth $6,248,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Castleview Partners LLC acquired a new stake in GE Vernova in the 3rd quarter valued at about $28,000. Covestor Ltd increased its stake in 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 in the last quarter. Planning Capital Management Corp raised its stake in GE Vernova by 1,000.0% during the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company's stock worth $36,000 after buying an additional 130 shares during the period. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova during the second quarter worth about $25,000. Finally, Trifecta Capital Advisors LLC bought a new position in GE Vernova in the second quarter valued at approximately $25,000.

GE Vernova Stock Performance

NYSE GEV traded down $4.45 on Monday, reaching $325.31. 1,815,664 shares of the company were exchanged, compared to its average volume of 3,514,060. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $349.79. The business's fifty day moving average price is $275.96 and its 200 day moving average price is $210.43.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of recent research reports. Jefferies Financial Group lifted their target price on GE Vernova from $293.00 to $336.00 and gave the company a "buy" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. raised their price objective on GE Vernova from $285.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Truist Financial lifted their target price on shares of GE Vernova from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. The Goldman Sachs Group upped their price objective on GE Vernova from $220.00 to $308.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a research report on Monday, October 21st. They issued a "buy" rating and a $354.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.