Sumitomo Mitsui Trust Group Inc. Has $157.40 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 617,309 shares of the company's stock after purchasing an additional 9,337 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of GE Vernova worth $157,401,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Castleview Partners LLC acquired a new stake in shares of GE Vernova during the third quarter worth $28,000. Covestor Ltd grew its holdings in shares of GE Vernova by 61.3% during the third quarter. Covestor Ltd now owns 121 shares of the company's stock valued at $31,000 after buying an additional 46 shares in the last quarter. Deseret Mutual Benefit Administrators purchased a new stake in GE Vernova in the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC acquired a new stake in shares of GE Vernova during the 2nd quarter valued at about $25,000. Finally, Meeder Asset Management Inc. bought a new stake in GE Vernova in the second quarter worth $25,000.

GE Vernova Price Performance

Shares of NYSE GEV traded up $9.61 during trading hours on Wednesday, hitting $333.32. 3,053,805 shares of the stock were exchanged, compared to its average volume of 3,535,161. The company's 50 day moving average is $265.64 and its 200 day moving average is $205.53. GE Vernova Inc. has a one year low of $115.00 and a one year high of $349.79.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their price objective on GE Vernova from $245.00 to $288.00 and gave the company an "outperform" rating in a report on Monday, October 14th. HSBC reiterated a "hold" rating and set a $255.00 target price (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Evercore ISI boosted their target price on GE Vernova from $300.00 to $323.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Guggenheim assumed coverage on shares of GE Vernova in a report on Tuesday, September 24th. They set a "buy" rating and a $300.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of GE Vernova in a research note on Monday, October 21st. They set a "buy" rating and a $354.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $261.40.

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.