PNC Financial Services Group Inc. Sells 19,644 Shares of GE Vernova Inc. (NYSE:GEV)

PNC Financial Services Group Inc. decreased its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,552 shares of the company's stock after selling 19,644 shares during the period. PNC Financial Services Group Inc. owned about 0.09% of GE Vernova worth $60,571,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GEV. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of GE Vernova in the third quarter worth $9,427,000. Lingohr Asset Management GmbH grew its stake in shares of GE Vernova by 4.7% during the 3rd quarter. Lingohr Asset Management GmbH now owns 4,500 shares of the company's stock valued at $1,147,000 after purchasing an additional 200 shares during the period. Princeton Capital Management LLC increased its position in shares of GE Vernova by 163.2% during the 3rd quarter. Princeton Capital Management LLC now owns 9,000 shares of the company's stock valued at $2,295,000 after purchasing an additional 5,581 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of GE Vernova by 8.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 3,698 shares of the company's stock worth $943,000 after buying an additional 288 shares during the last quarter. Finally, Legacy Bridge LLC bought a new stake in GE Vernova during the third quarter valued at approximately $1,582,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GEV shares. Bank of America upped their price objective on GE Vernova from $300.00 to $320.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Raymond James cut GE Vernova from an "outperform" rating to a "market perform" rating in a research report on Wednesday, October 2nd. Jefferies Financial Group raised their target price on shares of GE Vernova from $293.00 to $336.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Evercore ISI raised their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Hsbc Global Res lowered GE Vernova from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $270.02.

GE Vernova Trading Down 0.5 %

Shares of NYSE GEV traded down $1.87 during midday trading on Thursday, hitting $340.90. The company's stock had a trading volume of 2,177,828 shares, compared to its average volume of 3,495,953. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $357.09. The business's 50 day moving average is $281.39 and its two-hundred day moving average is $212.57.

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.