GE Vernova Inc. (NYSE:GEV) Shares Sold by Haverford Trust Co

Haverford Trust Co reduced its holdings in GE Vernova Inc. (NYSE:GEV) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,048 shares of the company’s stock after selling 83 shares during the quarter. Haverford Trust Co’s holdings in GE Vernova were worth $777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Waverton Investment Management Ltd lifted its position in shares of GE Vernova by 10.0% during the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after acquiring an additional 66,455 shares during the last quarter. Hanlon Investment Management Inc. purchased a new stake in shares of GE Vernova during the third quarter valued at $1,101,000. Aspire Private Capital LLC acquired a new position in shares of GE Vernova in the 2nd quarter valued at $40,000. Legal & General Group Plc purchased a new position in GE Vernova in the 2nd quarter worth about $293,699,000. Finally, Fractal Investments LLC acquired a new stake in GE Vernova during the 3rd quarter worth about $1,530,000.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $326.04 on Friday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $349.79. The firm has a fifty day simple moving average of $268.31 and a 200-day simple moving average of $206.42.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GEV shares. Morgan Stanley lifted their target price on shares of GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Truist Financial boosted their target price on shares of GE Vernova from $300.00 to $325.00 and gave the company 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. Oppenheimer initiated coverage on GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating for the company. Finally, William Blair initiated coverage on GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating on the stock. Seven investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

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.