MAI Capital Management Sells 2,177 Shares of GE Vernova Inc. (NYSE:GEV)

MAI Capital Management lessened its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 21.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,072 shares of the company's stock after selling 2,177 shares during the period. MAI Capital Management's holdings in GE Vernova were worth $2,058,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Aljian Capital Management LLC acquired a new stake in GE Vernova in the 3rd quarter valued at approximately $741,000. Swiss National Bank grew its position in GE Vernova by 0.3% in the third quarter. Swiss National Bank now owns 813,565 shares of the company's stock valued at $207,443,000 after acquiring an additional 2,100 shares during the period. Thrivent Financial for Lutherans increased its position in shares of GE Vernova by 24.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,908 shares of the company's stock worth $4,311,000 after purchasing an additional 3,274 shares in the last quarter. Claro Advisors LLC raised its stake in shares of GE Vernova by 22.8% in the third quarter. Claro Advisors LLC now owns 1,465 shares of the company's stock valued at $374,000 after acquiring an additional 272 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC bought a new stake in shares of GE Vernova during the third quarter worth $277,000.

Analysts Set New Price Targets

GEV has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a report on Monday, October 21st. They issued a "buy" rating and a $354.00 price target for the company. Raymond James downgraded GE Vernova from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 2nd. Evercore ISI increased their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Morgan Stanley boosted their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $270.02.

GE Vernova Price Performance

NYSE GEV traded down $1.87 during mid-day trading on Thursday, reaching $340.90. The stock had a trading volume of 2,177,828 shares, compared to its average volume of 3,495,953. The company has a fifty day moving average price of $283.91 and a 200 day moving average price of $213.46. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $357.09.

About GE Vernova

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.