Courier Capital LLC Lowers Holdings in GE Vernova Inc. (NYSE:GEV)

Courier Capital LLC cut its position in GE Vernova Inc. (NYSE:GEV) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,871 shares of the company’s stock after selling 238 shares during the quarter. Courier Capital LLC’s holdings in GE Vernova were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sprinkle Financial Consultants LLC purchased a new stake in GE Vernova in the 3rd quarter worth approximately $231,000. Searle & CO. bought a new position in shares of GE Vernova in the 3rd quarter worth $244,000. Greenleaf Trust increased its holdings in shares of GE Vernova by 1.0% in the 3rd quarter. Greenleaf Trust now owns 5,637 shares of the company’s stock worth $1,437,000 after buying an additional 54 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of GE Vernova by 8.2% in the 3rd quarter. Private Advisor Group LLC now owns 20,098 shares of the company’s stock worth $5,125,000 after buying an additional 1,531 shares during the last quarter. Finally, Segment Wealth Management LLC increased its holdings in shares of GE Vernova by 2.4% in the 3rd quarter. Segment Wealth Management LLC now owns 72,542 shares of the company’s stock worth $18,497,000 after buying an additional 1,726 shares during the last quarter.

GE Vernova Price Performance

Shares of NYSE GEV opened at $297.00 on Friday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $297.54. The firm has a 50-day moving average of $230.78 and a 200 day moving average of $187.97.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. On average, equities analysts forecast that GE Vernova Inc. will post 3.21 EPS for the current year.

Analyst Ratings Changes

GEV has been the topic of a number of research analyst reports. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Oppenheimer initiated coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating on the stock. William Blair initiated coverage on shares of GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating on the stock. Guggenheim initiated 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, Morgan Stanley increased their target price on shares of GE Vernova from $256.00 to $301.00 and gave the company an “overweight” rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.