GE Vernova Inc. (NYSE:GEV) Shares Sold by AM Investment Strategies LLC

AM Investment Strategies LLC trimmed its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 34.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,771 shares of the company's stock after selling 5,202 shares during the period. GE Vernova comprises about 0.6% of AM Investment Strategies LLC's holdings, making the stock its 25th biggest position. AM Investment Strategies LLC's holdings in GE Vernova were worth $2,491,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GEV shares. Guggenheim assumed coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They issued a "buy" rating and a $300.00 price objective for the company. Morgan Stanley boosted their price target on GE Vernova from $256.00 to $301.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Hsbc Global Res lowered GE Vernova from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 4th. The Goldman Sachs Group lifted their price objective on GE Vernova from $220.00 to $308.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a research report on Monday, October 21st. They set a "buy" rating and a $354.00 target price on the stock. Seven equities 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's stock. According to data from MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and a consensus price target of $261.40.

GE Vernova Trading Down 0.2 %

GE Vernova stock traded down $0.57 during midday trading on Friday, reaching $301.09. 2,702,214 shares of the stock traded hands, compared to its average volume of 3,551,795. The firm has a fifty day moving average price of $246.45 and a two-hundred day moving average price of $195.99. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $311.58.

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.