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

Victory Capital Management Inc. reduced its position in GE Vernova Inc. (NYSE:GEV) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,578 shares of the company’s stock after selling 1,928 shares during the quarter. Victory Capital Management Inc.’s holdings in GE Vernova were worth $23,096,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Aptus Capital Advisors LLC boosted its stake in shares of GE Vernova by 13.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 2,796 shares of the company’s stock valued at $713,000 after purchasing an additional 327 shares in the last quarter. First Heartland Consultants Inc. acquired a new stake in shares of GE Vernova in the 3rd quarter valued at approximately $285,000. Prime Capital Investment Advisors LLC boosted its stake in shares of GE Vernova by 1.5% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,137 shares of the company’s stock valued at $2,075,000 after purchasing an additional 120 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of GE Vernova by 703.3% in the 3rd quarter. Rakuten Securities Inc. now owns 723 shares of the company’s stock valued at $184,000 after purchasing an additional 633 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of GE Vernova by 1.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 617,309 shares of the company’s stock valued at $157,401,000 after purchasing an additional 9,337 shares in the last quarter.

GE Vernova Stock Down 1.3 %

GEV opened at $325.31 on Tuesday. The firm’s fifty day moving average price is $275.96 and its two-hundred day moving average price is $210.43. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79.

Analysts Set New Price Targets

GEV has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Oppenheimer initiated coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. Jefferies Financial Group lifted their target price on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. HSBC reiterated a “hold” rating and set a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Finally, Truist Financial lifted their target price on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $264.55.

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.