Victory Capital Management Inc. Sells 1,928 Shares of GE Vernova Inc. (NYSE:GEV)

Victory Capital Management Inc. lessened its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,578 shares of the company's stock after selling 1,928 shares during the period. Victory Capital Management Inc.'s holdings in GE Vernova were worth $23,096,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of GEV. Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova in the 2nd quarter worth about $25,000. Trifecta Capital Advisors LLC purchased a new stake in GE Vernova in the second quarter worth about $25,000. Meeder Asset Management Inc. bought a new stake in GE Vernova during the 2nd quarter valued at approximately $25,000. Global Trust Asset Management LLC purchased a new position in shares of GE Vernova during the 2nd quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC bought a new position in shares of GE Vernova in the 2nd quarter worth approximately $27,000.

GE Vernova Trading Up 4.5 %

Shares of GE Vernova stock traded up $14.63 during trading hours on Tuesday, reaching $340.00. 2,195,491 shares of the stock traded hands, compared to its average volume of 3,506,216. The company has a 50 day moving average price of $275.96 and a 200 day moving average price of $210.43. GE Vernova Inc. has a one year low of $115.00 and a one year high of $349.79.

Analysts Set New Price Targets

Several brokerages recently weighed in on GEV. Truist Financial upped their price target on GE Vernova from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on shares of GE Vernova from $285.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Raymond James lowered shares of GE Vernova from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 2nd. Bank of America lifted their target price on shares of GE Vernova from $300.00 to $320.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Evercore ISI boosted their price target on GE Vernova from $300.00 to $323.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and a consensus target price 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.